Chinese services growth slowed in September, despite the higher procurement confidence in industry. The Purchase Managers Index (PMI) in services decreased from 52.1 points in August to 52.0 points in September. However, the index remains above 50 points, which signals the continued expansion.
Because of the significant increase in orders companies for the first of June, again increasing the number of employees. The managers in the sector are less optimistic for the coming year compared to August.
Although the index in production is monitored closely by the markets, the economic transition in China means that the services sector, which includes industries such as real estate, retail and entertainment is becoming a major part of the economy in the Celestial Empire.
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