News Snapshot:
China-Service sector activity dampened by coronavirus outbreak in March-Caixin | Photo credit: Shutterstock BEIJING, April 6 (Reuters) – Activity in China’s services sector contracted at its fastest pace in two years in March as the resumption of the coronavirus epidemic reduced mobility and weighed on the request, show the results of a private investigation published on Wednesday. The services PMI calculated by Caixin/Markit fell to 42.0 in March from 50.2 in February, falling below the 50 point mark that separates growth from contraction on a monthly basis. This reading indicates the largest drop in activity since the start of the...
