China Feb HSBC services PMI falls from 4-mth highs

China’s services sector cooled in February after new business receded from eight-month highs, a private survey showed on Tuesday, in line with slower factory activity that suggests a modest rebound in the world’s second-biggest economy this year.

The HSBC Services Purchasing Managers’ Index (PMI) fell to 52.1 from January’s 54.0, after seasonal adjustments, but still held above 50 to show the increasingly important services sector was growing on a monthly basis.

via Business feed http://www.scmp.com/business/economy/article/1178944/china-feb-hsbc-services-pmi-falls-4-mth-highs