Mumbai, March 5 -- China's service sector continued to expand in February, with higher activity supported by another modest increase in new business volumes.
Employment numbers also stabilised following two months of contraction, whilst confidence in the outlook improved to its highest level since last November.
A fractional decline in input prices and market competition helped explain a first (albeit marginal) decline in output charges for the first time in three months.
After accounting for seasonal factors, the headline Caixin China General Services Business Activity Index recorded 51.4 in February.
That was an improvement on January's reading of 51.0 and represented a modest expansion of the service sector.
Moreover, the headline i...