China's factory, service sects skid for 5th month as stimulus calls grow

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China's factory, service sects skid for 5th month as stimulus calls grow - Business Standard

Quick Summary:

The services PMI fell to 49.9, the first contraction since December last year, although the construction PMI shot up to 50.7 from 50.6 in the prior month.

The September reading of the non-manufacturing PMI, which includes services and construction, dropped to 50.0 from 50.3 in August, marking the lowest in 21 months.

As a property downturn weighs on the broader economic recovery, top leaders at a Politburo meeting last week called for efforts to stop the falls in the housing market.