China services PMI rises in August, S&P Global cites demand
S&P Global’s RatingDog general services purchasing managers’ index for China climbed to 51.4 from 50.4 in July. The reading stayed above 50, though it was the second-lowest in 14 months.
The RatingDog general services purchasing managers’ index, compiled by S&P Global, rose to 51.4 from 50.4 in July.
This was above the 50.0 mark that separates contraction but was the second-lowest reading in 14 months.Companies linked higher activity to greater market demand, financial improvements…