China's service sector signaled a renewed fall in business activity in August as rising coronavirus infection at home and abroad weighed on operations and demand, survey results from IHS Markit showed on Friday.
The Caixin services Purchasing Managers' Index fell to 46.7 in August from 54.9 in July. A reading below 50 indicates contraction in the sector.
According to official survey, released earlier this week, the non-manufacturing PMI, which measures the performance of the services and construction sectors, declined to 47.5 in August from 53.3 a month ago.
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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.