{"id":57018,"date":"2023-09-05T06:35:49","date_gmt":"2023-09-05T10:35:49","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/china-service-sector-activity-falls-to-eight-month-low-in-august\/"},"modified":"2023-09-05T06:35:52","modified_gmt":"2023-09-05T10:35:52","slug":"china-service-sector-activity-falls-to-eight-month-low-in-august","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=57018","title":{"rendered":"China service sector activity falls to eight-month low in August"},"content":{"rendered":"
\n

A private gauge of China\u2019s service activities fell to its lowest level in eight months, signaling that the service sector\u2019s growth may have lost steam.<\/p>\n

The Caixin China services purchasing managers index slid to 51.8 in August from 54.1 in July, Caixin Media Co. and S&P Global said Tuesday.<\/p>\n

\n

However, the index remained above the 50 mark, which separates an expansion in activity from contraction, for the eighth consecutive month.<\/p>\n

The subindexes for business activity and total new orders remained above 50 for the eighth consecutive months, but both readings were lower than July\u2019s. The subindex for export orders fell into contraction for the first time since December, said Caixin.<\/p>\n

Employment in the service sector continued to expand in August but growth slowed, Caixin said.<\/p>\n

\u201cService providers remained optimistic, expressing confidence in the market outlook. But overall optimism was limited, as the August reading for their expectations about future activity recorded the lowest reading since November,\u201d said Wang Zhe, an economist at Caixin Insight Group.<\/p>\n

China\u2019s official nonmanufacturing PMI, which includes both service and construction activity, dropped to 51.0 in August from 51.5 in July, official data showed last week.<\/p>\n

Write to singaporeeditors@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A private gauge of China\u2019s service activities fell to its lowest level in eight months, signaling that the service sector\u2019s growth may have lost steam. The Caixin China services purchasing managers index slid to 51.8 in August from 54.1 in July, Caixin Media Co. and S&P Global said Tuesday. However, the index remained above the […]<\/p>\n","protected":false},"author":1,"featured_media":57019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-57018","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nChina service sector activity falls to eight-month low in August | iFintechWorld<\/title>\n<meta name=\"description\" content=\"A private gauge of China\u2019s service activities fell to its lowest level in eight months, signaling that the service sector\u2019s growth may have lost steam.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=57018\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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