The Caixin Services Dec PMI: 52.5 vs 53.5

The Caixin Services PMI for the month of December has just been released. 

The Caixin Services PMI outcome

China Caixin/IHS Markit December services PMI at 52.5 (vs 53.5 in November)
Dec composite PMI (services and manufacturing) at 52.6 vs Nov's 53.2.

About

The Caixin Services PMI is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private service sector companies. The panel has been carefully selected to accurately replicate the true structure of the services economy.