China Services Gauge Unexpectedly Slows Despite Holiday Spending
China's services activity unexpectedly slowed while extending its monthslong growth streak, a private survey showed, as one of the country's busiest spending seasons around the Lunar New Year supported demand.
The Caixin China services purchasing managers' index fell to 51 in January from 52.2 the previous month, according to a report from Caixin and S&P Global on Wednesday. The median forecast of economists surveyed by Bloomberg was 52.4. Figures above 50 indicate expansion.
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