China Services PMI Falls to 52.1 in March

China’s private services PMI dropped to 52.1 in March, down from February’s 56.7 high and below the 53.6 forecast.
The index remained above the 50 growth threshold, extending the services sector’s expansion streak to 39 consecutive months.
Domestic demand stayed the main driver, while external demand fell back into contraction and firms cut staff for a second month.
Cost pressures stayed modest, allowing firms to lower selling prices despite rising new work and backlog volumes.