left corner left corner
    China Daily Website

    Service-sector expansion slows

    Updated: 2013-10-09 07:41
    By Chen Jia ( China Daily)

    HSBC's services PMI stands at 52.4 in September from August's 52.8

    Service-sector expansion slows

    China's service sector expanded at a moderate pace in September, indicated by a 52.4 reading for the HSBC Services Purchasing Managers' Index, down from 52.8 in August, the bank said on Tuesday.

    A report from HSBC Holdings Plc suggested that growth in service-sector activity "remained substantially below-trend".

    One indicator of slack conditions was work backlogs, which declined at service providers in September. "But the rate of reduction was only marginal," it said.

    Service-sector expansion slows

    Waitresses set the table for guests at a themed restaurant in Taiyuan, Shanxi province. HSBC Holdings Plc said that growth in service-sector activity "remained substantially below-trend" in September. Fan Minda / Xinhua

    A PMI reading above 50 means expansion, while one below 50 shows contraction.

    Service managers expect higher activity levels in the next 12 months.

    However, some of them remain worried about relatively weak demand that may restrict business growth, according to HSBC.

    Qu Hongbin, chief economist in China at HSBC, said: "China's services activity growth appears to be stabilizing at a faster pace than in the second quarter. This led to a renewed expansion of employment, against a contraction in August.

    "Combined with the gradual improvement of the manufacturing PMI, the Chinese economy is still on the way to a modest recovery. But a more consolidated and sustainable recovery requires structural reforms," he added.

    Last Thursday, a separate survey from the National Bureau of Statistics and the China Federation of Logistics and Purchasing reported a non-manufacturing PMI of 55.4 in September, up from 53.9 in August - the highest level since March.

    Previous Page 1 2 Next Page

     
    8.03K
     
    ...
    国产精品无码一区二区三区电影| 熟妇人妻中文字幕无码老熟妇| 亚洲日产无码中文字幕| 无码国产精品一区二区免费vr| 亚洲VA中文字幕无码毛片| 未满小14洗澡无码视频网站| 精品久久久久久无码中文字幕| 亚洲AV无码成人精品区狼人影院 | 18禁免费无码无遮挡不卡网站| 中文字幕日韩精品在线| 国产中文字幕在线视频| 麻豆国产原创中文AV网站| 播放亚洲男人永久无码天堂 | 在线精品无码字幕无码AV| 一本大道香蕉中文日本不卡高清二区| 精品久久久久久无码人妻热| 精品深夜AV无码一区二区| 亚洲AV无码一区二区三区系列| 无码福利一区二区三区| 亚洲欧美日韩中文字幕一区二区| 日本按摩高潮a级中文片| A最近中文在线| 中文无码伦av中文字幕| 亚洲乱亚洲乱少妇无码| 精品久久久无码中文字幕| 无码av免费一区二区三区试看| 无码精品A∨在线观看| 免费无码中文字幕A级毛片| 无码av最新无码av专区| 无码精品视频一区二区三区| 日韩精品无码中文字幕一区二区| 久久无码人妻一区二区三区| 精品无码久久久久国产| 国产精品无码无片在线观看| 熟妇人妻中文字幕无码老熟妇| 亚洲AV无码乱码国产麻豆| 无码中文av有码中文a| 精品久久久久久无码专区不卡 | 无码h黄动漫在线播放网站| 色综合久久中文字幕无码| 东京热加勒比无码少妇|