China official services PMI retreats in April

BEIJING (Reuters) - China's non-Manufacturing Purchasing Managers' Index (PMI) showed on Thursday that the services sector cooled last month, retreating from March's ten-month high to hit 56.1 in April. The softer reading underscores the two manufacturing PMI figures for April - one official, one from HSBC - which showed weakness among smaller enterprises despite improved headline figures. The China Federation of Logistics and Purchasing revised its index last month to reflect seasonal adjustments, with the revision helping push the March index to 58, the highest since May, 2011. ...

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