PMI falls to lowest for four months
By Chen Jia and Du Juan in Beijing and Yu Ran in Shanghai | China Daily | Updated: 2014-01-04 07:20
Service sector figures reflect sagging momentum in economy, economists say
Business activity in the service sector fell to a four-month low in December, with most industries striving to find new growth engines amid slowed exports.
China's non-manufacturing Purchasing Managers' Index, a key measure of activity in the sector, fell to 54.6 in December from 56 in November, 56.3 in October and 55.4 in September.
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