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China’s services sector grows at slowest rate in 10 months in February

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[unable to retrieve full-text content]China’s services sector activity grew at its slowest pace in 10 months in February as firms struggled with sluggish demand and high costs, a private sector survey showed on Wednesday, prompting them to cut jobs.The Caixin/Markit services purchasing managers’ index (PMI) fell to 51.5, the lowest since April, from 52.0 in January but remained above the 50-mark that separates growth from contraction on a monthly basis.A sub-index for employment stood at 47.9, slipping into contraction after six…

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[unable to retrieve full-text content]
China’s services sector activity grew at its slowest pace in 10 months in February as firms struggled with sluggish demand and high costs, a private sector survey showed on Wednesday, prompting them to cut jobs.The Caixin/Markit services purchasing managers’ index (PMI) fell to 51.5, the lowest since April, from 52.0 in January but remained above the 50-mark that separates growth from contraction on a monthly basis.A sub-index for employment stood at 47.9, slipping into contraction after six…
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