Plus   Neg

China Services Sector Slows In July - Caixin

The services sector in China continued to expand in July, albeit at a slower pace, the latest survey from Caixin revealed on Wednesday with a PMI score of 54.1.

That's down from the 10-year high of 58.4 in June, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Mild capacity pressures were signaled by the latest data, as backlogs of work increased for a second month in succession. Growth was linked by panelists to the latest gains in incoming new work.

Also, the composite PMI came in at 54.5, down from 55.7 in the previous month.

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.

Follow RTT