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10/1/2023, 4:45 AM (Source: TeleTrader)
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China's services sector activity falls in September

Caixin General Services Business Activity Index declined from August's 51.8 to 50.2 in September, signaling a slight deceleration in China's services sector, S&P Global revealed in its report published on Sunday.

The document noted a modest increase in sales and employment but also a ten-month low in business confidence.

"Service providers remained optimistic, but the overall optimism was restrained. The September gauge for their expectations about future activity came in at the lowest reading since November," Caixin Insight Group Senior Economist Dr. Wang Zhe said.

Baha Breaking News (BBN) / JR