HSBC China services PMI recovers to 54.3 after one-year low

China’s services sector rebounded in September after its growth hit a one-year low in August, according to a private sector survey on Monday that follows last week’s much more gloomy official assessment.

The HSBC services sector Purchasing Managers’ Index rose to 54.3 in September from 52.0 in August, rebounding to its highest level since May thanks to an uptick in the new business sub-index to 54.0 - also the highest level in four months.

via Business feed http://www.scmp.com/business/economy/article/1056326/hsbc-china-services-pmi-recovers-543-after-one-year-low