China’s economic recovery continues as services sector grows at fastest pace in over two and a half years in August

China’s non-manufacturing sector expanded as its fastest pace since January 2018 last month, highlighting continued recovery in the economy from the coronavirus damage early in this year.The official non-manufacturing purchasing managers’ index (PMI), released by the National Bureau of Statistics on Monday, was 55.2 for August, up from 54.2 in July and above analysts’ expectations that it would remain unchanged at 54.2.This survey takes the mood among firms in the services and construction…

from South China Morning Post https://www.scmp.com/economy/china-economy/article/3099489/chinas-economic-recovery-continues-services-sector-grows