China services activity accelerates in August
China services activity expanded at a faster pace in August as stronger domestic demand drove new business and employment growth. The private PMI rose to 51.4, remaining above the threshold separating growth from contraction.
China's services activity expanded faster in August as domestic demand strengthened, pushing the RatingDog China General Services PMI up to 51.4. The reading follows July's 50.4 print and keeps the sector above the 50-point growth threshold. Despite the uptick, the figure marks the second-lowest reading in 14 months amid a persistent divergence with official data.
