China services growth hits three-month high, private PMI shows

September 29, 2026 9:52 PM EDT

People have their meals at a restaurant inside an IKEA store in Beijing, China, July 5, 2026. REUTERS/Maxim Shemetov/File Photo

BEIJING, Sept 30 (Reuters) - ‌China's services ​activity ​expanded at its fastest pace in three months in September, as stronger ‌new orders, including from overseas, lifted output, a ⁠private-sector survey showed on Wednesday.

The RatingDog China General ‌Services PMI rose to 51.6 ‌in September from 51.4 in August, staying above the 50-mark that separates growth from ​contraction.

• New business grew at its quickest rate since June, supported by improving demand ⁠and companies' efforts to expand their client base, while new export ​orders rose at a faster clip than the previous month.

• Employment rose for ​a fifth consecutive month as ‌firms took on more staff to cope with heavier workloads, though the ⁠rate of hiring eased to a four-month low.

• Input costs rose at a slower pace than ⁠in August, while output prices declined for the first time ​in four months, the sharpest drop since April 2022.

• Business confidence strengthened from the previous month, with companies ‌pointing to hopes of firmer market conditions, expansion plans and new project ‌wins.

• The RatingDog China General Composite PMI, ⁠covering manufacturing and services, ‌rose to 52.4 ​from 52.1 in August.

(Reporting by Liangping Gao and Ryan Woo; Editing by Jacqueline ‌Wong)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters