As per reports, it has been revealed that China's service sector has not been improving at a desired rate. It has been said that it's been second month and no changes in growth pattern have been witnessed, though expansion is taking place.

To provide the detailed information, Purchasing Managers' Index was found to be easing at 52.1 points. Experts said that it is the second month that such cooling off has been seen for the index. If to go as per the wordings of experts then it is the second time when they have seen such weakest reading in last 15 months.

It shall also be noted that from technical point of views, the readings are not that bad. But, it is also needed to be understood that slow growth is not fruitful for the market. In addition, it has been revealed that crude prices have registered growth in last two weeks. It is said that the growth has been seen for the first time in last seven months.

"People are looking for economic news to see what's going on, and China's manufacturing number is a good sign", said Michael Lynch from Strategic Energy & Economic Research, which is in Winchester. China's official manufacturing index has been found to be expanding well.