China official services PMI at one-year low in January

China official services PMI at one-year low in January

© Aly Song / Reuters

The official non-manufacturing purchasing manager's index, or PMI, fell to 53.7 from December's 54.1.

That is above the 50-point level that separates growth from contraction on a monthly basis, but still a low not seen since January 2014.

(Reporting by Koh Gui Qing; Editing by Richard Borsuk)

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