China’s services sector activity slows in Sept – official PMI

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A worker cleans a broken glass panel at a mall in Beijing

BEIJING (Reuters) – China’s services activity expanded at a slower pace in September, an official survey showed on Friday, as COVID-19 curbs in populous cities weighed on consumption.

The official non-manufacturing purchasing managers’ index (PMI) dropped to 50.6 in September from 52.6 in August, data from the National Bureau of Statistics showed.

A reading above the 50-point mark indicates expansion in activity while a reading below indicates contraction.

China’s official composite PMI, which includes both manufacturing and services activity, stood at 50.9, compared with 51.7 in August.

(Reporting by Ellen Zhang and Ryan Woo; Editing by Ana Nicolaci da Costa)


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