China's private sector growth slid to a five-month low in August on slower growth in services, survey results published by IHS Markit revealed Wednesday.
The Caixin composite output index fell to a 5-month low of 52.0 in August from 52.3 in July. A score above 50 indicates expansion.
The services Purchasing Managers' Index dropped to 51.5 from 52.8 in the previous month. The reading was expected to fall moderately to 52.6 in August.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
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.