The service sector in China showed less strong growth in January than in December. Market researchers Caixin and Markit announced this.
The purchasing managers’ index for the services sector recorded a level of 51.8 against 52.5 a month earlier. A level of 50 or less indicates shrinkage. Economists generally counted on a score of 52.0.
According to the researchers, the composite index, including industry, showed a level of 51.9 for January compared to 52.6 in the previous month.