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Chi's service sector continues rapid expansion in May

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  15 Jun 2017 12:00 AM GMT

Chi’s service sector continued to expand in May, lending steam to the country’s stable economic growth and employment, official data showed on Wednesday. The Index of Services Production increased by 8.1 per cent year-on-year in May, growing at the same speed as last month, according to the tiol Bureau of Statistics (NBS). The transportation, storage, postal services, information transmission, software and information technology service sectors maintained high growth rates, Xinhua news agency reported. Business activities expanded faster in May, with the business activity index for services standing at 53.5 per cent — 0.9 percentage point higher than in April, NBS data showed. (IANS)

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