China official services PMI expands at slightly slower pace in August
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
An employee works at a JD.com logistics centre in Langfang, Hebei province, November 10, 2015. REUTERS/Jason Lee/File Photo
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
BEIJING (Reuters) - Activity in China's services industry expanded again in August, but at a slightly slower pace than in the previous month, an official survey showed on Thursday.
The official non-manufacturing Purchasing Managers' Index (PMI) stood at 53.5 in August, compared to the previous month's reading of 53.9 and above the 50-point mark that separates growth from contraction on a monthly basis.
China is counting on growth in services to offset persistent weakness in manufacturing and exports that is dragging on the world's second-largest economy.
(Reporting by Yawen Chen and Elias Glenn; Editing by Kim COghill)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- In fear after attacks, gay Bangladeshis retreat into closet and flee abroad
- Panasonic in talks to buy ZKW for up to $1 billion: Nikkei
- China services sector activity expands at quickest rate in 16 months in November: Caixin PMI
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!