BEIJING (Reuters) - Growth in China’s services industry picked up in April, an official survey showed on Monday, as the sector extended a solid run of strong activity.
The official non-manufacturing Purchasing Managers’ Index (PMI) rose to 54.8 from 54.6 in March.
The services sector accounts for over half of China’s economy, with rising wages giving Chinese consumers more spending power.
The composite PMI covering both manufacturing and services activity rose to 54.1 in April, from March’s 54, well above the 50-mark that separates expansion from contraction.
Reporting by Yifan Qiu and Matthew Miller; Editing by Shri Navaratnam