China's non-manufacturing PMI continues dipping in April

A waitress serves fish at a restaurant in Suzhou, Jiangsu province. [Photo provided to China Daily]

BEIJING - China's service sector activity expanded in April, but at a slower pace, an official monthly survey showed on Friday.

The purchasing managers' index (PMI) for the non-manufacturing sector fell to 53.4 in April, from 53.7 for March and 53.9 for February, according to a report released jointly by the National Bureau of Statistics and the China Federation of Logistics and Purchasing.

A reading above 50 indicates expansion, while a reading below 50 represents contraction.

Realted story: China services PMI up in March, by Xinhua

BEIJING - China's services purchasing managers' index (PMI) was posted at 52.3 in March, up from 52 in February, HSBC Bank (China) announced on Friday.

The data signaled a further expansion of business activity across China's service sector in March as the growth rate quickened to a three-month high, the HSBC said.

A reading above 50 indicates expansion, while a reading below 50 represents contraction.

However, the growth remained modest overall, the HSBC said, noting the pace of job creation eased to a marginal rate that was the weakest since May.

On Wednesday, the HSBC announced that China's manufacturing PMI fell to 49.6 in March, down from 50.7 in February.

Qu Hongbin, chief economist for China at HSBC, expected further policy easing as downward risks and deflation pressure remain due to subdued domestic need.

The National Bureau of Statistics announced on Wednesday that Chinese manufacturing bounced back to expansion territory with a reading of 50.1 in March after two months of bad news.

Official PMI covers large enterprises as well as small- and medium-sized enterprises (SMEs), while the HSBC poll is more focused on SMEs.