China's services sector contracted at second-fastest pace on record amid prolonged Covid-19 lockdowns - private survey

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

China's services sector slipped deeper into contraction in April, shrinking at the second-fastest pace on record, as the country's prolonged COVID-19 lockdowns led to plunges in new business and employment, a private-sector survey showed on Thursday.

The Caixin services purchasing managers' index (PMI) hit 36.2 last month, the weakest level since March 2020, the second-lowest since the survey started in November 2005 and sliding from 42 in the . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE

For only $0.5 per day, we get you a full coverage of key developments in China market, with data and details you don't see elsewhere. Grab the welcome offer!