China Caixin service PMI falls to 21 month low

BEIJING — China's service sector growth slowed in September, as a private survey showed Monday that an index for the sector fell to the lowest in 21 months.

The Caixin General Services Purchasing Managers' Index (PMI) slipped to 50.6 in September from 52.7 in August, 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.