Slow growth witnessed in China’s Services Sector; Purchasing Managers’ Index (PMI) fell to 51.1

  • Nov 05, 2019 AEDT
  • Team Kalkine

Due to the slow-down in the business order and downfall in business confidence, China’s services sector experienced a slow growth during October month.

Caixin/Markit services purchasing managers’ index (PMI) decreased to 51.1 in October month, mainly due to the pressure on the services sector.

It is to be noted that, services sector is one of the most important sector of China’s economy.

 

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