China's service sector growth improves in August

NAMPA / DPA

2025-09-03

Beijing (dpa-AFX) - China's service sector growth accelerated in August thanks to a strong upturn in new orders, survey data from S&P Global showed on Wednesday. The headline RatingDog services Purchasing Managers' Index rose unexpectedly to 53.0 in August from 52.6 in July. Economists had expected the indicator to fall to 52.4. The rate of increase was the fastest seen since May 2024. The index remained above the threshold 50.0 mark since Januar......

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