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
     
    ...
    亚洲欧洲无码AV电影在线观看 | 中文无码熟妇人妻AV在线| 亚洲乱码中文字幕手机在线| 办公室丝袜激情无码播放| 熟妇人妻中文a∨无码| 新版天堂资源中文8在线| 精品无码国产污污污免费网站国产 | 无码精品人妻一区二区三区免费看| 久久亚洲中文字幕精品有坂深雪| r级无码视频在线观看| 国内精品人妻无码久久久影院导航 | 无码AV波多野结衣久久| 无码国内精品久久综合88| 中文人妻av高清一区二区| 无码人妻精品一区二| 国产av无码专区亚洲av桃花庵| 中文字幕精品无码一区二区三区| 日本成人中文字幕| 国产 日韩 中文字幕 制服| 777久久精品一区二区三区无码| 无码区国产区在线播放| 精品国产一区二区三区无码| 中文字幕在线观看一区二区| 最新中文字幕在线| 乱人伦中文字幕在线看| 91中文在线观看| 久久精品一区二区三区中文字幕| 最近中文字幕大全免费视频| 亚洲日本欧美日韩中文字幕| 91在线中文字幕| 天堂资源8中文最新版| 中文字幕在线观看日本| 最近2019在线观看中文视频| 精品久久久久久久中文字幕 | 中文字幕日韩欧美一区二区| 日韩视频中文字幕精品偷拍| 中文字幕免费观看| 一本本月无码-| 成人无码A区在线观看视频| 亚洲国产精品成人精品无码区| 亚洲AV永久纯肉无码精品动漫|