Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

China September services sector growth slows slightly: official PMI

Published 09/29/2019, 09:19 PM
Updated 09/29/2019, 09:21 PM
China September services sector growth slows slightly: official PMI

BEIJING (Reuters) - Growth in China's services sector activity slowed slightly in September, official data showed on Monday.

The official non-manufacturing Purchasing Managers' Index (PMI) fell to 53.7 from 53.8 in August, but stayed well above the 50-point mark that separates growth from contraction.

The services sector accounts for over half of China's economy, providing an important buffer as trade tensions with the United States escalate. But growth has been generally cooling over the past year amid a broader slowdown, which is making businesses and consumers more cautious on spending.

The official August composite PMI, which covers both manufacturing and services activity, rose to 53.1 from August's 53.0.

Latest comments

A typical headline focuses on a negative PMI and not the positive composite PMI.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.