Services Purchasing Managers' Index PMI

Services Purchasing Managers' Index PMI: The Markit/HSBC Services Purchasing Managers' Index PMI climbed to 52.8 in August, up from July's 51.3 and the highest since March, the survey showed on Wednesday. The data came on the heels of three other PMI surveys this week that pointed to a pick-up in activity at factories and service firms. , according to Reuters. But policymakers have stepped in with a series of measures aimed at stabilizing the economy, including quickening railway investment and public housing construction and introducing policies to help smaller companies with financing needs. BEIJING - Growth in China's services sector hit a five-month high in August, underpinned by optimism over government policy measures, a private survey showed, the latest evidence that the world's second-largest economy may have avoided a sharp slowdown. Investors had as recently as a month ago worried that China's economy was slipping into a deeper-than-expected downturn, especially after its money market was hit by an unprecedented cash crunch in June. (www.immigrantscanada.com). As reported in the news.