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.
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