China’s official purchasing managers’ index (PMI) for the services sector rose to 55.5 in October from 53.7 in September, the National Bureau of Statistics said on Saturday, adding to signs of a modest economic recovery.
A reading below 50 indicates activity is contracting and one above 50 signals expansion compared with the previous month.
via Business feed http://www.scmp.com/article/1074869/china-oct-official-services-pmi-rises-555-537-sept
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