China’s Services Sector Expands, Private Survey Shows
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A private gauge of China’s services activity expanded in January, likely helped by a boost from public holidays.
The Caixin services purchasing managers’ index fell to 52.7 last month from 52.9 in December, Caixin and S&P Global said in a statement Monday. That falls short of economists’ consensus estimate of 53. A reading over 50 indicates expansion from the prior month.