Growth in China’s services industries slowed in December, separate surveys have found, echoing a slowdown in manufacturing and confirming views that the economy lost steam at the end of last year.
HSBC on Monday released its purchasing managers’ index for services, compiled by Markit Economics, showing a drop to 50.9 in December, its lowest level since August 2011, from 52.5 in November. But the figure remained above the 50-point level that indicates expansion in activity. New business growth was the slowest in six months.
Read Full Article HERE
Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/HCTKmT-wWKQ/
No comments:
Post a Comment