BEIJING: China’s service sector activity slackened off in January, a monthly survey showed Monday.
The purchasing managers’ index (PMI) for the non-manufacturing sector came in at 53.5 in January, down from 54.4 in December, according to a report released jointly by the National Bureau of Statistics and the China Federation of Logistics and Purchasing.
A reading above 50 indicates expansion, while a reading below 50 represents contraction.
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