Released: 27 September 2021
Chinese Services: Service Sector Sales Index at 50 Month High in September
All the main growth related Chinese Service Sector Indexes remained well into growth territory in September, reflecting a large chunk of the Chinese economy seemingly wholly recovered from the Covid pandemic.
The overall Sales Managers Services Sector Index remained fractionally below the 85 month, 7 year high recorded in July, but nevertheless came in at a healthy 53.7 reading.
The Sales Growth Index rose to a 50 month high reflecting significant growth over the level recorded in August.
Only the Prices Index, showing signs of rising inflation, as in many other countries, provided cause for concern.
Overall the services indexes reflected benign business conditions for the services sector in September with the expectation of more of the same in the months to come.
China Services SMI: Sales Growth Index
► SUBSCRIBERS RECEIVE FULL DATA AND CHARTS, SUBSCRIBE NOW.
► JOURNALISTS: FOR CHARTS AND THE SUPPORTING DATA BEHIND THIS
RELEASE, CALL +44 (0)20 3372 5612.