Services Sector Activity Eases From Seven-Year High

China’s service activity was strong in February, but fell back from a seven-year high in the previous month as a second straight monthly drop in new work was too heavy to offset growth in sales.

The Caixin China General Services Business Activity Index came in at 54.2 last month, down from 54.7 in January, which was the highest reading since October 2010. A number above 50 indicates an expansion in activity, while a figure below that points to a contraction.

You've accessed an article available only to subscribers
Try 4 weeks for $0.99
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.