China’s service sector in January grew slowest in five months amid Covid-19 resurgence – private survey

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China's services sector expanded at the slowest pace in five months in January, amid COVID-19 resurgence and containment measures hit new business and consumer sentiment while employment fell, a private survey showed on Monday.

The Caixin/Markit services Purchasing Managers' Index (PMI) fell to 51.4 in January, marking its lowest level since August, from 53.1 in December. The 50-point mark separates growth from contraction on a monthly basis.

 

 

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