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CN Caixin Services PMI Sinks to 50.7 in Apr, Logging 7Mth Low; Composite PMI Output Index Ebbs to 51.1
China’s Caixin General Service Sector Business Activity Index (service sector PMI) came in at 50.7 in April, being 1.2 ppts lower than that of March, and hitting the lowest i...
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CN Caixin Services PMI Sinks to 50.7 in Apr, Logging 7Mth Low; Composite PMI Output Index Ebbs to 51.1
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China’s Caixin General Service Sector Business Activity Index (service sector PMI) came in at 50.7 in April, being 1.2 ppts lower than that of March, and hitting the lowest in seven months in the expansion range, reflecting the repercussions of reciprocal tariffs on exports and enterprises' expectations, and a slowdown in the pace of expansion of the service sector, with sentiment falling to a record low since October 2024, according to Caixin.com.

Earlier announced April Caixin China Manufacturing PMI lowered 0.8 ppts to 50.4, setting the lowest in February. The composite PMI output index sank 0.7 ppts to 51.1, indicating that the pace of expansion of production and business activities of domestic enterprises decelerated.

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