Chinese Services Expansion Slows Down in April

Expansion in China’s services industry slowed slightly in April, with employment growth slipping to a seven-month low, a private survey showed on Wednesday, adding to an increasingly cloudy outlook for the world’s second-largest economy.

The Markit/HSBC services Purchasing Managers’ Index (PMI) stood at 51.4 in April from March’s 51.9, but holding above the 50 level that separates expansion from contraction.

The survey found that input prices index eased to their weakest in 10 months, and while the new and outstanding business sub-indexes remained stable, the sub-index of business expectations fell to a seven-month low.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza