Economy > Economic Data

China's service sector maintains steady expansion

BEIJING
2019-12-16 11:41

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BEIJING, Dec. 16 (Xinhua) -- The production index of China's service sector increased by 6.8 percent year on year in November, compared with a rise of 6.6 percent in October, the National Bureau of Statistics (NBS) said Monday.

The production index of the service sector increased by 6.9 percent year on year during the first 11 months, down from 7 percent recorded in the first 10 months, according to the NBS.

The sub-reading for information transmission, software and information technology services expanded by 16.3 percent last month, while that for the leasing and business services grew 11.8 percent.

The index measuring business activity in the service sector stood at 53.5 in November, up from 51.4 in October, the NBS said.

NBS data also showed that combined revenues of major service enterprises rose 9.1 percent year on year in the first 10 months, with revenues of companies in the strategic emerging service sector and high-tech service sector up 12 percent and 11.5 percent, respectively.
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