China's service sector activity wanes in August

Explore Business Standard

China's service sector activity weakened further in August, an official monthly survey said on 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, Xinhua reported.
A reading above 50 indicates expansion, while a reading below 50 represents contraction.
First Published: Sep 01 2015 | 12:26 PM IST