China’s service sector slows, while industrial activity unexpectedly increases

China’s factory activity expands unexpectedly in September, even as the government strictly enforces Covid-19 control measures in major cities and exports weaken.

After contracting for two months in a row, it returned to growth.

Data from the National Bureau of Statistics (NBS) showed that the manufacturing purchasing managers’ index rose to 50.1 in September from 49.4 in August.

Growth in China’s services sector slowed in September, reflecting COVID-19 measures.

Meanwhile, the Purchasing Managers’ Index (PMI) fell to 50.6 in September from 52.6 in August.

The official Chinese composite PMI was 50.9, down from 51.7 in August.

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