China's service PMI hits 50.2 in September

Chinese government data showed that the non-manufacturing Purchasing Managers' Index (PMI) rose to 50.2 in September, marking a 1.2 percentage point increase from August, indicating continued expansion in the sector. The construction sector recorded an index of 50.3, and the services sector stood at 50.2, with an increase in new orders, as the index reached 46.5, reflecting improved demand in both sectors. Additionally, there was an uptick in prices and improvements in employment conditions, alongside greater market confidence, signaling a return of the industrial sector to a growth pattern.

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