China’s service sector expanded at its fastest pace in four months in December, raising hopes of an economic revival in the world’s second-largest economy.
The official purchasing managers’ index for the non-manufacturing sector rose to 65.1 in December from 55.6 in November, according to the National Bureau of Statistics.
A reading above 50 indicates growth, while one below indicates contraction.
A jump in construction services drove the rise, up to 61.9 last month from 61.3 in November.
City A.M. Reporter