China's services sector value-added rose 5.2% YoY in the first three quarters
(Jan–Sep). By subsector, value-added growth was strongest in leasing and
business services (+12.3%), information transmission, software and IT services
(+10.4%), financial services (+5.8%) and accommodation & catering (+5.5%). In
September the national services production index was up 4.8% YoY, accelerating
0.7 ppts from August; September production by subsector rose: information
transmission/software/IT +9.8%, leasing and business services +9.5%,
transport/warehousing/postal +5.4%, accommodation & catering +5.3%. The services
business activity index in September was 50.2, up 0.9 ppts month-on-month; the
activity expectations index was 55.5, unchanged. Telecom/broadcasting/satellite
transmission, monetary and financial services, and insurance recorded business
activity indices above 55.0. Jan–Aug operating revenue of above-designated-size
service enterprises grew 6.0% YoY.
