皇冠体育app

BEIJING - 皇冠体育app's service sector activity rallied significantly in August from the previous month, expanding at the fastest rate since March 2013, data company Markit said Wednesday.

The HSBC/Markit 皇冠体育app Services Business Activity Index, which provides a snapshot of operating conditions in the sector, posted at 54.1, a strong rebound from the record low of 50.0 in July.

The HSBC/Markit Index samples over 400 private service sector companies in 皇冠体育app.

Last month, 皇冠体育app's service sector firms recorded a solid expansion of new business that was the strongest since January 2013, Markit said in the statement.

Backlogs of work at service sector firms fell for the second straight month in August, and at the quickest rate since November 2012.

Last month, 皇冠体育app's service sector firms also raised their selling prices for the first time since March, albeit fractionally, it said.

August survey data signaled Chinese service providers were confident with the 12-month business outlook. Furthermore, the de of positive sentiment strengthened to a five-month high.

"Apart from the rebound in the headline number, other indices suggest a mixed picture rather than a broad-based improvement (in 皇冠体育app's economy)," said HSBC chief 皇冠体育app economist Qu Hongbin.

皇冠体育app still faces downside risks to growth in the second half of the year from the property sector slowdown, Qu said, adding policymakers should use further easing measures to help support the recovery.

Also in the day, the official index for 皇冠体育app's non-manufacturing sector, compiled by the National Bureau of Statistics and the 皇冠体育app Federation of Logistics and Purchasing, was released.

The official index of the non-manufacturing sector rebounded to 54.4 percent last month. The reading stopped the losing streak since June and continued to stay above the 50-threshold that demarcates expansion and contraction, official data suggested.

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