Press "Enter" to skip to content

China’s service sector grew slowest in five month, exports orders back to expansion

CHECK THE WIRE FOR REAL-TIME NEWS UPDATES

China’s services sector expanded at the slowest pace in five months in July despite a sharp rebound of new export orders.

The Caixin/Markit services purchasing managers’ index (PMI) fell to 51.6, the lowest level since February, compared with 52 in the previous month. The 50-point mark separate expansion from contraction.

The gauge for new export orders placed with Chinese services companies returned to expansionary territory, coming in at a three-month high of 54, compared with . . .

To continue reading, please subscribe. You will get

  • Original and in-depth reporting with details, data and perspectives you don't read elsewhere
  • THE WIRE - a real-time news platform focused on China markets
  • Daily Brief newsletter to get you prepared for every trading day
  • An indispensable and reliable source of information on China's economy and financial markets

FREE TRIAL cancel anytime

 

We highly value independence. We are solely funded by subscriptions from intelligent readers like you. Not ready for our full service? Try Free Weekly Newsletter first.

 

Already have an account? Sign In

Top