The December release of the HSBC China Services PMI came in at 51.7
- Prior was 52.1
- On Tuesday the ‘official‘ services PMI for China in December, the China Non-Manufacturing PMI (from The China Federation of Logistics & Purchasing and National Bureau of Statistics) came in at 56.1 compared to a November reading of 55.6
More from the WSJ: HSBC China December Services PMI 51.7 Vs 52.1 in November
- Growth of new business in the service sector was slightly faster in December than in November, but remained modest overall, HSBC said.
- The underlying strength of services sectors improved in terms of stronger new business flows and employment growth