China: Services activity growth remains solid in September

From pmi.spglobal.com

China’s service sector continued to expand at a solid pace at the end of the third quarter, according to latest PMI® data. The upturn was reportedly driven by rising amounts of new business, including a stronger increase in new export orders. Business confidence also improved, to reach a six-month high. That said, job shedding persisted amid concerns over costs, with employment falling at the quickest rate in nearly a year-and-a-half. Turning to prices, average input costs rose at a slightly faster rate in September, while prices charged increased fractionally. The headline RatingDog China General Services ... (full story)