Economy News Headlines - Yahoo! News: China August HSBC services PMI rises to five-month high

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China August HSBC services PMI rises to five-month high Sep 4th 2013, 01:55 BEIJING (Reuters) - Growth in China's services sector hit a five-month high in August underpinned by new orders and business optimism, a private survey showed on Wednesday, adding to views that the world's second-largest economy had avoided a sharp slowdown. The Markit/HSBC Services Purchasing Managers' Index (PMI) climbed to 52.8 in August after seasonal adjustments, up from July's 51.3 and the highest since March. The reading was well above the 50 level that demarcates an acceleration in activity from a slowdown, although a sub-index for employment shrank. ... Media files: 2013-09-04T015511Z_1_CBRE98305C500_RTROPTP_2_CHINA-ECONOMY-PMI.JPG (image/jpeg)

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