China's national service production index up 4.8% in July from a year earlier: Chinese report

China's National Bureau of Statistics recently announced that the national service industry production index in July increased 4.8% from the same month last year, up 0.1 percentage point from the previous month.
By industry, the information and communications, software and information technology services industry accounted for 12.6%, followed by rental and business services at 9.
The service industry grew by 4.9% in the first seven months of the year, while the transportation, warehousing and postal services industry grew by 5.0%, transportation, warehousing and postal services by 5.3%, and finance by 5.1%. The national service industry production index for the first seven months of the year increased by 4.9%.
In July, the operating profits of service industry companies of a certain size or larger increased by 7.2% year-on-year. The service industry business activity index for July was 50.0, and the business activity expectations index was 56.6. Of these, railway transport,
The business activity index for air transport, postal services, radio broadcasting and satellite communication services, and culture, sports and entertainment reached a high level of above 55.