HSBC services PMI reduced to 52.0 in August.

By bne IntelliNews September 7, 2012
China's HSBC Services Purchasing Managers' Index (PMI), a gauge of nationwide service sector activity, reduced to 52.0 in August this year, as compared to 53.1 registered in July. As reported by Dow Jones Global Equities News, the decrease in the PMI is likely to add to concern over a steep and persistent downturn in the economy. The country's services PMI eased during the period due to the sluggish new order intakes.

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