China's January Official Services PMI Falls to 53.4

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February 3, 2014 2:53 PM EST

Growth in China's services sector cooled in January to its slowest pace in at least a year, data showed on Monday, the latest sign that the Chinese economy lost momentum last month in the run-up to the Lunar New Year holiday.

Reuters
Final China HSBC PMI dips to six-month low in January as new orders weaken

The official non-manufacturing Purchasing Managers' Index slipped to 53.4 from December's 54.6, the lowest reading in at least a year but still above the 50-point level that indicates growth.

(Photo: Reuters / )
Final China HSBC PMI dips to six-month low in January as new orders weaken
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