www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

HSBC: China's service PMI rises to five-month high

Agencies | Updated: 2013-09-04 11:04

Growth in China's services sector hit a five-month high in August underpinned by new orders and business optimism, a private survey showed on September 3, 2013, adding to views that the world's second-largest economy had avoided a sharp slowdown.

The Markit/HSBC Services Purchasing Managers' Index climbed to 52.8 in August after seasonal adjustments, up from July's 51.3 and the highest since March. The reading was well above the 50 level that demarcates an acceleration in activity from a slowdown, although a sub-index for employment shrank.

The outcome was roughly in line with China's official non-manufacturing PMI on September 3,2013, which showed the services sector grew steadily in August as domestic demand picked up. The official survey is weighted more towards bigger and state-owned companies.

Qu Hongbin, an HSBC economist, cited new business growth as the key driver of the index and expected growth momentum of the services sector to be sustained in future.

"A filter-through impact of VAT reform, combined with a rebound in manufacturing output, is expected to support service industry growth in the coming months," Qu said.

As recently as a month ago, investors had worried that China's economy was slipping into a deeper-than-expected downturn, especially after its money market was hit by an unprecedented cash crunch in June.

But policymakers have stepped in with a series of measures aimed at stabilizing the economy, including quickening railway investment and public housing construction and introducing policies to help smaller companies with financing needs.

Earlier this week, both the official and Markit/HSBC PMI surveys of Chinese manufacturers showed factory activity accelerated in August.

The services industry is an increasingly important pillar in China's economy, especially as the government seeks to expand domestic consumption to drive growth. It accounted for about 45 percent of the economy in 2012 and is the biggest employer in China.

Firms in the survey reported that stronger demand and promotions lifted new orders, which rebounded to 53.2 in August and marked the fastest growth rate since March, HSBC said.

Companies also expressed an increased level of optimism towards future output, with the sub-index for business expectations improving to a five-month high.

Average input costs also increased modestly and output charges were raised for the first month in four.

On the downside, employment in the services sector contracted for the first time since April, as service providers saw their profit margins squeezed.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 亚洲 欧美 精品 | 久久午夜国产片 | 亚洲综合亚洲综合网成人 | 国产精品高清全国免费观看 | 国产日韩一区二区三区在线观看 | 亚洲视频一区二区在线观看 | 久久久久久久久综合 | 99久热在线精品视频播 | 久久精品一区 | 一级特黄性色生活片一区二区 | 国产一区二区三区视频 | 男女国产| 99热久久国产精品一区 | 国产午夜精品久久久久九九 | 久久91这里精品国产2020 | 久久精品视频免费 | 欧美精品在线视频 | 一级毛毛片毛片毛片毛片在线看 | va欧美 | 国产欧美在线观看视频 | 久久视频在线观看免费 | 美女美女大片黄a大片 | 日本aaaa片毛片免费观看 | 99在线国产视频 | 在线黄网 | 欧美日韩视频一区三区二区 | 综合欧美日韩一区二区三区 | 毛片爽爽爽免费看 | 国产毛片一区二区三区精品 | 欧美一级片免费观看 | 日本高清视频免费在线观看 | 成人首页 | 精品国产乱码久久久久久一区二区 | 91国内精品久久久久免费影院 | 男女视频在线看 | 欧美成视频无需播放器 | 成年人网站免费 | 国产成人做受免费视频 | 清纯唯美综合网 | aa日本| 毛片精品|