Press "Enter" to skip to content

China’s services sector expanded at fastest pace in a decade, employment stuck in contraction – private survey

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China’s services sector expanded at the fastest pace in more than ten years in June as the economy further recovers from coronavirus shutdowns, a private survey showed on Friday.

The Caixin/Markit services Purchasing Managers’ Index (PMI) increased to 58.4, the highest reading since April 2010, picking up from 55.0 in May, pulling further away from the trough hit in February as the coronavirus lockdown paralysed the economy.

A reading above 50 . . .

To continue reading, please subscribe. You will get

 

  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • THE WIRE  - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
  • DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare. 

 

FREE TRIAL cancel anytime

 

We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In

Top