• A private gauge of China’s services activity expanded in January, likely helped by a boost from public holidays.
• The Caixin services purchasing managers’ index fell to 52.7 last month from 52.9 in December, Caixin and S&P Global said in a statement Monday. That falls short of economists’ consensus estimate of 53. A reading over 50 indicates expansion from the prior month.
• Official data last week showed manufacturing activity shrinking for the fourth straight month while services activity expanded for the first time in three months. The new year public holiday as well as the approaching Lunar New Year likely lifted tourism and retail activities.