China February service sector growth slows to 4

BEIJING (Reuters) Activity in China services sector expanded at the slowest pace in four months cheap Canada Goose in February, with new business still growing at a solid rate but increasing competition making Canada Goose Parka it harder for companies to raise prices, Canada Goose Online a private survey showed.

People walk pass vendors at a market in Yanji, Jilin Province, China, November 20, 2016. REUTERS/Sue lin Wong/Files

The findings echoed a similar softening in growth in China official services activity canada goose uk outlet survey released on Wednesday, and contrasted with an unexpected the canada goose outlet pick up in growth in its manufacturing sector as export Canada Goose sale orders rebounded. [nL3N1GD3LR]

The February services PMI dipped to 52.6 in February on a canada goose seasonally adjusted basis, from 53.1 in canada goose coats on sale January, the Markit/Caixin services purchasing managers index (PMI) showed.

While it remained well above the 50 mark that separates expansion in activity from contraction Canada Goose online on canada goose black friday sale a monthly basis, it was the slowest rate of expansion since October.

Any cheap canada goose uk signs of flat lining in services sector growth, which is more buy canada goose jacket cheap dependent on domestic demand, could indicate a slowdown in momentum for the canada goose uk shop economy overall. Some analysts say domestic demand growth already canada goose coats may have plateaued.

That could put policymakers in a dilemma on how to meet ambitious growth targets while also containing financial risks created by years of debt fuelled stimulus.

The central bank has gradually moved to a uk canada goose outlet tightening bias in recent months, as a string of canada goose clearance sale data showed the uk canada goose world second largest economy was on steadier footing.

The Chinese government will hold Canada Goose Coats On Sale annual parliamentary meetings starting this weekend, where leaders will Canada Goose Outlet announce an economic growth target and other policy priorities, including potentially a slightly lower target for economic and money supply growth and an emphasis on managing debt risks.[nL4N1G830E]

Though inflation in January rose to multi year highs, the Caixin survey found that prices Chinese firms were able to charge their customers were little changed.

Survey respondents said increased competition had restricted their pricing power, even as canada goose uk black friday their input prices continued to rise, albeit at a slower pace.

pressures seemed Canada Goose Jackets to have started to ease as price increases in both manufacturing and services continued to weaken, canada goose store said Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group, canada goose clearance in a canadian goose jacket note with the data.

Service companies canada goose factory sale continued to https://www.thecanadagooseoutlet.com add job at a solid pace, and remained optimistic about growth in the next 12 months.

Caixin composite PMI covering both the manufacturing and services buy canada goose jacket sectors rose to 52.6 in February from the previous month 52.2 as growth in the manufacturing sector accelerated.

Chinese economy is expected to maintain the growth momentum in the first quarter of this year. But signs of weakening may emerge from the second quarter, said Zhong.