The Caixin/Markit services purchasing managers’ index (PMI) fell to 51.5 from March’s 52.2, the fourth monthly decline in a row and suggesting the sector grew at its weakest pace since May 2016.
Growth in China’s services sector cooled to its slowest in almost a year in April as fears of slower economic growth dented business confidence.
Caixin’s composite manufacturing and services PMI also pointed to a loss of growth momentum for the month, falling to 51.2, its lowest since June 2016, from 52.1 in March.
Source: Republic of Turkey Ministry of Economy General Directorate of Economic Research and Assessment
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