Monday, 3 October 2011

China Services Indexes Show Faster Growth

China’s service industries expanded at a faster pace last month, rebounding from a deceleration in August, a pickup that may ease concern the world’s second- largest economy is slowing.

A purchasing managers’ index rose to 59.3 from 57.6 in August, driven by retail spending, the China Federation of Logistics and Purchasing said on its website yesterday. HSBC Holdings Plc and Markit Economics said a separate index gained to 53 in September from a series-record low of 50.6 the previous month. Numbers above 50 indicate expansion.   Read More

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