China's services activity growth hits 15-month high in August, private PMI shows

The RatingDog China General Services PMI, compiled by S&P Global, rose to 53.0 in August from 52.6 in July, the highest since May 2024. — Bloomberg

BEIJING: China's services activity expanded at the quickest pace in 15 months in August, buoyed by firmer demand at home and a rebound in foreign orders, a private-sector survey showed on Wednesday.

The RatingDog China General Services PMI, compiled by S&P Global, rose to 53.0 in August from 52.6 in July, the highest since May 2024. The 50-point mark separates expansion from contraction.