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China services PMI rises to 51.4 in September, beating forecast

  • China’s services sector PMI rose to 51.4 in September.
  • 51.4 exceeded the 50.6 forecast and increased from 50.4.
  • The September reading showed continued expansion in China’s services sector.

China’s services PMI reached 51.4 in September, above the 50.6 forecast and up from 50.4 previously. Readings above 50 indicate expansion, and the acceleration suggests strengthening activity in the services sector of the world’s second-largest economy.

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