empty
 
 

2021.02.0301:05:00UTC+00China Services Sector Slows In January - Caixin

The services sector in China continued to expand in January, although at a slower rate, the latest survey from Caixin showed on Wednesday with a services PMI Score of 52.0.

That's down from 56.3 in December, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

The rate of growth was the softest seen since the current period of expansion began last May, driven by slower rises in both manufacturing and services activity. Growth of composite new business also weakened during January.

Though strong overall, the rate of expansion was the least marked for nine months, with both goods producers and service providers noting slower increases in sales. At the same time, employment at the composite level grew only slightly, with job creation at services firms offsetting cuts at manufacturers.

The survey also showed that the composite index fell to 52.2 from 55.8 in December.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback