China’s non-manufacturing business activity index fell 0.9 percentage points from the previous month to 53.8% in July, the second-highest reading of the year, according to the data released by the China Federation of Logistics and Purchasing and the Service Survey Center under the National Bureau of Statistics on Sunday.
“The business activity index of the service sector continued to increase in July. Driven by a series of preferential policy measures to stabilize growth and promote consumption, as well as the consumption boom in summer, the service sector has registered a recovery growth for two consecutive months,” said Shi Zhaohui, director of the Division of Business Tendency Survey of the Service Survey Center under the National Bureau of Statistics.
The supply and demand of the construction sector continued to rise in July, indicating that the investment activities continued to improve.
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