The Caixin/Markit services purchasing managers’ index (PMI) slowed to 51.8 last month from 52.5 in December, but was still higher than an eight-month low hit in October. Photo: BloombergThe Caixin/Markit services purchasing managers’ index (PMI) slowed to 51.8 last month from 52.5 in December, but was still higher than an eight-month low hit in October. Photo: Bloomberg
The Caixin/Markit services purchasing managers’ index (PMI) slowed to 51.8 last month from 52.5 in December, but was still higher than an eight-month low hit in October. Photo: Bloomberg
Economy /  China Economy

China’s services sector growth hit three-month low in January even before coronavirus crisis, Caixin PMI shows

  • The Caixin/Markit services purchasing managers’ index (PMI) slowed to 51.8 from 52.5 in December, but was still higher than an eight-month low hit in October
  • The reading is, though, unlikely to reflect the early impact of the coronavirus crisis that flared in late January, which could weigh heavily on growth
Topic |   China economy
Reuters
Reuters

Updated: 6:03pm, 14 Feb, 2020

Why you can trust SCMP
The Caixin/Markit services purchasing managers’ index (PMI) slowed to 51.8 last month from 52.5 in December, but was still higher than an eight-month low hit in October. Photo: BloombergThe Caixin/Markit services purchasing managers’ index (PMI) slowed to 51.8 last month from 52.5 in December, but was still higher than an eight-month low hit in October. Photo: Bloomberg
The Caixin/Markit services purchasing managers’ index (PMI) slowed to 51.8 last month from 52.5 in December, but was still higher than an eight-month low hit in October. Photo: Bloomberg
READ FULL ARTICLE