Economy

xchrom

(108,903 posts)

20. China's service sector growth hits one-year high

Mon Nov 4, 2013, 08:32 AM

Nov 2013

http://www.bbc.co.uk/news/business-24800045

China's service sector grew at its fastest pace in a year in October, the latest sign of a recovery in the world's second-largest economy.

The non-manufacturing Purchasing Managers' Index (PMI) rose to 56.3 in October from 55.4 in September.

The report comes just days after data showed that China's manufacturing PMI rose to an 18-month high October.

China's service sector, which includes construction and aviation, accounts for nearly 43% of its overall economy.

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