China’s Services Activity Clings to Growth, Private Survey Shows
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A private gauge of China’s services activity grew less than expected in October, adding to signs of fragility within the economic recovery.
The Caixin services purchasing managers’ index edged up to 50.4 last month from 50.2 in September, Caixin and S&P Global said in a statement Friday. That was below the consensus estimate among economists of 51. Any reading over 50 indicates an expansion from the prior month, while a number below that suggests contraction.