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China Service Sector Growth Weakest In 8 Months

Por: RTTNews Business September 05, 2023

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China's service sector grew at the slowest pace in eight months in August largely due to weaker new , signaling a slowdown in economic growth in the third quarter. The Caixin services Purchasing Managers' Index slipped more-than-expected to 51.8 in August from 54.1 in July. The expected score was 53.6.A reading above 50.0 indicates expansion in the sector. However, the latest upturn was the slowest in the current sequence of... + full article



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