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Growth of China's services sector falls to 21-month low in Sept

Private survey differs from official gauge showing sector grew at its fastest since 2014

Published Mon, Oct 9, 2017 · 09:50 PM
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Beijing

BUSINESS activity in China's services sector grew at its slowest pace in 21 months in September as the pace of new business cooled, a private survey showed.

The survey was in sharp contrast to an official gauge of the non-manufacturing sector that showed the services sector expanded at the fastest clip since 2014 in September, blurring the picture on how a key part of the economy is performing.

The Caixin/Markit services purchasing managers' index (PMI) fell to 50.6 in Septemb…

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