The services sector in China continued to expand in July, and at an accelerated pace, the latest survey from Caixin showed on Wednesday with a PMI score of 53.8.
That's up from 51.8 in June, and it moves further above the boom-or-bust level of 50 that separates expansion from contraction.
Among the individual components, staff numbers continued to rise at service providers, while manufacturing employment continues to decline.
The composite index came in with a score of 50.2 - down from 50.6 in the previous month.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.