Caixin China Services PMI at 51.8, Down from March's Figure

(Beijing) – The services sector continued to grow in April, although the rate of expansion slowed slightly from March, with the Caixin China Services Purchasing Managers' Index coming in at 51.8.

The Caixin China Composite PMI, which covers both the services and manufacturing sectors, remained above the neutral 50-point level at 50.8, marking a second straight month of expansion of overall business activity in the country.