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China Services Sector Extends Strong Growth in Jan But Pace Eases-Caixin PMI

Feb 06 , 2017

Growth in China's services sector remained robust in January as companies reported a solid increase in orders, though the pace of expansion eased from the previous month, a private business survey showed.

The services PMI fell marginally to 53.1 in January on a seasonally adjusted basis, from 53.4 in December, the Markit/Caixin services purchasing managers' index (PMI) showed.

But it remained well above the 50-mark that separates expansion in activity from contraction on a monthly basis.

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