China’s Services Expansion Fastest in a Year, Private Poll Shows

China’s services activity expanded at the fastest pace in over a year in August, a private survey showed, as the summer travel season powered demand during what has otherwise been a relatively weak stretch for domestic consumption.

The RatingDog China services purchasing managers’ index rose to 53 from 52.6 in July, according to a statement published Wednesday by RatingDog and S&P Global. It was the highest reading since May 2024, and it topped the 52.5 median forecast of economists surveyed by Bloomberg. Any reading above 50 indicates an expansion.