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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.