Chinese service sector slows down

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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.

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Lesley Woutersen

Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by [email protected]

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