Prime News: Chinese service activity growth decelerates in February

Chinese service activity expanded at a slower pace last month, adding to clues of further economic slowdown amid efforts to beef up growth.

According to Caixin Media Co. and Markit, the Caixin China services purchasing managers’ index declined to 51.2 in February from 52.4 in January.

Caixin also said new business expansion slowed last month following it saw a solid increase at the beginning of 2016. It added slower surges in activity and new orders led to a weaker growth of employees in the sector.

The material has been provided by InstaForex Company –