匯豐中國服務業PMI降至4個月最低

China's services sector slowed to a four month low last month as cost burdens in the sector rose, according to a private measure.

匯豐銀行(HSBC)最新中國服務業採購經理人指數(PMI)顯示，今年10月，由於成本上升，中國服務業增速降至4個月低點。

HSBC's China services index for October offered a reading of 52.9, down from 53.5 in September and the slowest reading since July.

匯豐10月中國服務業PMI報52.9，低於9月的53.5，爲自7月以來最低。

Any reading above 50 suggests growth but the slowdown adds to pressure on policymakers in Beijing, who are trying to prop up growth with resorting to strong fiscal or monetary stimulus.

儘管讀數超過50表明服務業仍在擴張，但它增速放緩，加大了中國政策制定者的壓力，他們正試圖藉助強大的財政或貨幣刺激支撐經濟增長。

The reading, compiled from 400 private sector companies, is in line with the state-sponsored survey of the non-manufacturing sector, which hit a nine-month low earlier this week. The 'official' survey is larger and includes bigger companies.

該指數基於對400傢俬營企業的調查，與中國政府所做的非製造業調查相符。本週早些時候公佈的官方指數觸及9個月低點。官方調查的覆蓋範圍更廣，跟蹤的企業規模也較大。

Hongbin Qu, HSBC economist, said input prices continued rising but output prices saw a slight fall.

匯豐經濟學家屈宏斌表示，投入價格繼續上漲，但產出價格略有下跌。

Overall, the service sector grew steadily in October as the underlying business conditions continue to look better than in the manufacturing part of the economy. While this pattern will likely continue, we still expect further easing measures in the coming months to help offset the downward pressures on the economy.

“總體來說，今年10月，中國服務業穩步增長，商業環境繼續好於製造業。這種模式可能會持續下去，但我們預計未來幾個月政府將出臺進一步的寬鬆政策，以幫助抵消經濟下行壓力。”