China’s Caixin/Markit services purchasing managers’ index (PMI), a gauge of sentiment among smaller, private firms, fell to 52.0 in January from 56.3 in December. Photo: Xinhua
China’s Caixin/Markit services purchasing managers’ index (PMI), a gauge of sentiment among smaller, private firms, fell to 52.0 in January from 56.3 in December. Photo: Xinhua
China economy
Economy /  China Economy

China services sector growth slows sharply in January ahead of Lunar New Year as coronavirus bites

  • Caixin/Markit services purchasing managers’ index (PMI), a gauge of sentiment among smaller, private firms, fell to 52.0 in January from 56.3 in December
  • Downbeat data ahead of Lunar New Year are likely to weight on first quarter growth and will reinforce calls for Beijing not to scale back economic support

John Carter
John Carter

Updated: 9:50am, 4 Feb, 2021

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China’s Caixin/Markit services purchasing managers’ index (PMI), a gauge of sentiment among smaller, private firms, fell to 52.0 in January from 56.3 in December. Photo: Xinhua
China’s Caixin/Markit services purchasing managers’ index (PMI), a gauge of sentiment among smaller, private firms, fell to 52.0 in January from 56.3 in December. Photo: Xinhua
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