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Financial News: China Services PMI Plummets In February - Caixin

China Services PMI Plummets In February - Caixin

03/03/2020 - 22:30:00 (RTTNews)

(RTTNews) - The services sector in China fell deeply into contraction territory, the latest survey from Caixin revealed on Wednesday with a Services PMI score of 26.5.

Rooted sharply in coronavirus fears, the index plunged from 51.8 in January and dropped well beneath the boom-or-bust line of 50 that separates expansion from contraction to the lowest score on record.

Also, the composite index fell all the way to 27.5 - sliding well into contraction after posting a score of 51.9 in the previous month.

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