A private gauge of China’s service sector declined in April but still stayed in expansion territory as consumers shifted to close-contact services after Beijing lifted Covid restrictions. The Caixin China Services purchasing managers index fell to 56.4 in April, down from 57.8 in March, said Caixin Media Co. and S&P Global on Friday.
It marked the fourth consecutive month that the Caixin services PMI has remained above the 50 mark that separates expansion from contraction Write to Singapore editors at [email protected]
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