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Friday, 4 October 2013

China Services Index Jumps in Sign of Sustained Rebound

A Chinese services-industry index rose to a six-month high, adding to signs that the world’s second-biggest economy will sustain a rebound after a two-quarter slowdown.


The non-manufacturing purchasing managers’ index rose to 55.4 in September from 53.9 in August, the Beijing-based National Bureau of Statistics and Federation of Logistics and Purchasing said today. A number more than 50 indicates an expansion.


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Paul Panckhurst & Janet Ong, Bloomberg via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/IRmifWIQIY0/

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