China March official services PMI hovers around one-year low

April 1, 2015 1:24 AM

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BEIJING, April 1 (Reuters) - Growth in China's services sector cooled slightly in March and hovered near one-year lows, an official survey showed on Wednesday, adding to concerns that the economy is losing more momentum.

The official non-manufacturing purchasing manager's index, or PMI, fell to 53.7 from February's 53.9, hugging the one-year low of 53.7 struck in January.

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