A private gauge of China’s service sector declined in April but still stayed in expansion territory as consumers shifted to close-contact services after Beijing lifted Covid restrictions.
The Caixin China Services purchasing managers index fell to 56.4 in April, down from 57.8 in March, said Caixin Media Co. and S&P Global on Friday.
It marked the fourth consecutive month that the Caixin services PMI has remained above the 50 mark that separates expansion from contraction
Write to Singapore editors at singaporeeditors@dowjones.com
