ChinaFotoPress/Getty ImagesGrowth across China’s services sector slowed to a crawl in December, fueling fears that economic growth within the country is faltering.
The latest Caixin-Markit services PMI gauge fell to 50.2 from 51.2 in November, the lowest level seen since July 2014.
The great hope for China’s economic transition — the nation’s services sector — saw activity levels slow modestly last month, according to the latest Caixin-Markit China services purchasing managers (PMI) report.
The PMI fell to 51.8 in April, 0.4 points below the 52.2 level struck in March.
Markit has new reports out today on service activity in China and Japan.The former shows a bit of growth, the latter contraction. Because the reports are diffusion indices that give no weighting to the size of the companies reporting, one must look at these reports with a broad brush.Japan Business Activity Contracts
Beijing (AFP) - China's manufacturing sector saw a surprise pick-up in September, a closely watched survey showed Tuesday, providing some respite after a string of weak data pointing to a slowdown in world's second-largest economy.
BEIJING (Reuters) - Growth in China's factories slowed slightly in December as export orders and output weakened, official data showed on Wednesday, adding to views that while the world's second-largest economy remains resilient, it lost some steam in late 2013.
While there have been some mildly-positive signs for China’s economy in recent weeks, that has come to a shuddering halt today. The Caixin-Markit China flash manufacturing PMI report, a gauge on activity across small to medium-sized firms, slumped in July. The index fell to 48.2, down from 49.4 in June. Markets had been expecting a rise to 49.7. The figure was the lowest level seen since April 2014.