China’s services activities contracted in August for first time since March last year, manufacturing sector expands at slower pace
DATA FEATURES
China’s services activities contracted in August for first time since March last year, manufacturing sector expands at slower pace
DATA FEATURES

China’s services activities contracted in August for first time since March last year, manufacturing sector expands at slower pace

 

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China’s services sector activity contracted in August to the second-lowest level on record, further adding to evidence of a slowing economy after the key indicator missed expectations.

The official non-manufacturing purchasing managers’ index (PMI) – which measures morale in the services and construction sectors – fell to 47.5 in August, from 53.3 in July, data from the National Bureau of Statistics (NBS) showed on Tuesday.

The figure was below the median forecast of a Bloomberg survey of analysts, which had predicted a fall to 51.9. It is the lowest . . .

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