Caixin/Markit services purchasing managers' index (PMI)

  • A drop to 52 from 52.1 the previous month
  • While the Composite reading came in at 51.4 compared with 51.8 in August

Both in expansion

  • Most measures of activity improved
  • Most firms reported their business expectations lower than the previous month (previous month was a six-month high)
  • Services companies saw modest growth in new work
  • Employment moved higher for the first time in three months
  • Pace of job creation was described as moderate, but at its fastest since February

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Note, these private surveys from Caixin / Markit focus on small and medium-sized firms in comparison to the official PMI