Skip to content
Subscriber Only

China Introduces Services Index to Reflect Changing Economy

  • Gauge of services output rose 8.2% year-on-year in Jan-Feb
  • NBS says index reflects ‘short-term changes in service sector’
1480303026_shanghai lede
Photographer: Johannes Eisele/AFP via Getty Images
Updated on

China introduced a new indicator for the services sector to better track the vast range of activity from movies to restaurants that now account for more than half of the economy.

The services output index rose 8.2 percent in January and February from a year earlier on growth in technology, transportation, and deliveries, the National Bureau of the Statistics said Tuesday in the first release of the index. It plans to update the measure each month.