The Caixin/Markit services purchasing managers’ index (PMI) slowed to 52.5 last month from 53.5 in November. Photo: EPA-EFE The Caixin/Markit services purchasing managers’ index (PMI) slowed to 52.5 last month from 53.5 in November. Photo: EPA-EFE
The Caixin/Markit services purchasing managers’ index (PMI) slowed to 52.5 last month from 53.5 in November. Photo: EPA-EFE
China economy
Economy /  China Economy

China’s services sector growth slows in December amid near-record low business confidence

  • Caixin/Markit services purchasing managers’ index (PMI) slowed to 52.5 last month from 53.5 in November
  • More downbeat reading suggests services companies remain cautious about the outlook for China’s economy, despite signs of improvement

Topic |   China economy
Reuters
Reuters

Updated: 9:12pm, 6 Jan, 2020

Why you can trust SCMP
The Caixin/Markit services purchasing managers’ index (PMI) slowed to 52.5 last month from 53.5 in November. Photo: EPA-EFE The Caixin/Markit services purchasing managers’ index (PMI) slowed to 52.5 last month from 53.5 in November. Photo: EPA-EFE
The Caixin/Markit services purchasing managers’ index (PMI) slowed to 52.5 last month from 53.5 in November. Photo: EPA-EFE
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