China April official services PMI dips to 53.4
SHANGHAI (Reuters) - Activity in China's services sector expanded in April but at a slightly slower pace than in March, in another sign that the economy may be losing momentum.
The official non-manufacturing purchasing manager's index, or PMI, fell to 53.4 in April, compared with March's 53.7, but remained well above the 50-point level that separates growth from a contraction in activity on a monthly basis.
(Story corrects to read official PMI in paragraph 2)
