0344 GMT - China's official non-manufacturing PMI indicates positive momentum in the services sector in October. The improvement in the gauge, comprising services and construction sectors, was driven entirely by stronger activity in services, Goldman Sachs economists say. Thanks to a boost from National Day Golden Week, the services PMI rose to 50.1 in October from 49.9 in September. The 50-level separates expansion from contraction. GS notes that PMIs of railway, water and airline transportation, postal, and capital-market services industries were above 55. The PMIs of hotel, household services and real-estate services industries were below 50. The construction PMI fell in October but China's statistic bureau said the civil engineering PMI topped 55, indicating that infrastructure project construction accelerated, GS adds. (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
October 30, 2024 23:44 ET (03:44 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。