China's Service Sector PMI Shows Moderation in Growth for February

Tuesday, 5 March 2024, 06:52

The latest data on China's service sector reveals a moderation in growth as the Caixin China General Service PMI dropped to 52.5 in February from 52.7 in January. This marks the 14th consecutive month of expansion but highlights a slowdown in the sector. Economic analysts are closely monitoring these developments for potential impacts on the broader economy.
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China's Service Sector PMI Shows Moderation in Growth for February

China's Service Sector Growth Update

The Caixin China General Service PMI moderated for the 2nd straight month to 52.5 in February 2024 from 52.7 in January.

The reading marked 14th straight month of expansion in services activity.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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