Released: 25 August 2021
Chinese Service Sector Stays Hot in August
All the main growth related Chinese Service Sector Indexes remained well into growth territory in August, reflecting an economy almost wholly recovered from the Covid pandemic.
The overall Sales Managers Services Sector Index fell slightly below the 85 month, 7 year high recorded in July, but nevertheless came in at a healthy 53.2 reading.
The Sales Growth Index remained over the 55 level reflecting very significant growth over the level recorded in August.
And the Prices Index, showing signs of runaway inflation in many other countries, remained at a comfortable 51.2 level.
Overall the indexes reflected healthy benign business conditions, and an apparent end to the scary situation of the Covid months.
China Services SMI: Headline Sales Managers Index
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