Caixin
Feb 03, 2019 09:45 AM
ECONOMY

Services Growth Slows Despite Uptick in Foreign Demand: Caixin Survey

An attendant decorates the window of a train from Chongqing to Guiyang on Jan. 29, 2019. Photo: VCG
An attendant decorates the window of a train from Chongqing to Guiyang on Jan. 29, 2019. Photo: VCG

Expansion in China’s services activity slowed slightly at the start of this year, despite new export business increasing at the fastest pace in 14 months, a Caixin survey showed Sunday.

The Caixin China General Services Business Activity Index, which provides a snapshot of operating conditions in the country’s services sector, edged down to 53.6 in January from 53.9 the previous month, according to the survey. A reading above 50 indicates expansion, while anything below that points to contraction.

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