Caixin service PMI falls to 11 month low

Source: Xinhua | 2017-05-04

CHINA'S service sector continued to moderate in April, as a private survey showed Thursday that an index for the sector fell to the lowest in 11 months.

The Caixin General Services Purchasing Managers' Index (PMI) slipped to 51.5 in April from 52.2 in March, according to the survey conducted by financial information service provider Markit and sponsored by Caixin Media Co. Ltd.

A reading above 50 indicates expansion, while a reading below 50 represents contraction.