Chinese HSBC services PMI declined to its lowest level since August 2011 in April, falling to...

|By:, SA News Editor

Chinese HSBC services PMI declined to its lowest level since August 2011 in April, falling to 51.1 from 54.3 in March. The growth in new orders dropped to the slowest rate in 20 months, while staffing declined for the first time in over four years. The stumble in the services sector, which accounts for almost half of GDP, adds to deceleration in manufacturing, increasing concerns about China's economic recovery. (PR)