China services PMI falls to 53.7 as new orders soften

China’s normally robust services sector weakened sharply in September, as slow growth in manufacturing finally began to feed through to the rest of the economy, an official survey showed on Wednesday.

The official purchasing managers’ index (PMI) for the services sector fell to 53.7 in September from 56.3 in August, weighed by lackluster new orders, according to the latest survey from the National Bureau of Statistics.

via Business feed http://www.scmp.com/business/economy/article/1052910/china-services-pmi-falls-537-new-orders-soften