China services sector growth picks up in August
By Michele Maatouk
Date: Thursday 03 Sep 2026
(Sharecast News) - Growth in China's services sector picked up in August, according to a private survey released on Thursday.
The RatingDog general services purchasing managers' index, compiled by S&P Global, rose to 51.4 from 50.4 in July. This was above the 50.0 mark that separates contraction but was the second-lowest reading in 14 months.
Companies linked higher activity to greater market demand, financial improvements, client recruitment and innovation. New business rose for the forty-fourth month in a row in August, and the rate of increase picked up from July's four-month low.
Domestic markets provided the main impetus to new business growth in August, the survey showed. New work from international markets rose for the fourth month running, but at a comparatively modest rate that eased since July.
RatingDog founder Yao Yu said: "Overall, the services sector saw a modest recovery in expansion in August, with faster growth in business activity and new business, sustained employment gains and improving business confidence.
"The pace of expansion remained moderate relative to the trend over the past year, and the moderation in new export business together with the slight pickup in cost pressures warrant attention. The services PMI is expected to remain in expansionary territory in the near term."
The composite output index rose to 52.1 in August from 50.8 the month before, signalling a faster expansion in business activity across China. Still, the rate of growth was below the average for 2026 so far.
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