China's service sector growth eased to its weakest level in 10 months in June, a survey by Markit Economics showed Wednesday.
The HSBC business activity index, measuring the performance of the service sector, fell to a 10-month low of 52.3 in June from 54.7 in May. An index reading above 50, however, indicates expansion of the sector.
The composite output index, that measures activity in both manufacturing and service sectors, fell to 50.6 in June from 51.9 in May.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.