China's service sector activity wanes in August

Source: Xinhua | September 1, 2015, Tuesday |

Online Edition

China's service sector activity weakened further in August, an official monthly survey showed Tuesday.

The purchasing managers' index (PMI) for the non-manufacturing sector fell to 53.4 in August, down from 53.9 for July, according to a report released jointly by the National Bureau of Statistics and the China Federation of Logistics and Purchasing.

A reading above 50 indicates expansion, while a reading below 50 represents contraction.

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China's service sector activity wanes in August

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