China's service sector logged a sharp rebound in June as the easing of pandemic related restrictions boosted demand, survey results from S&P Global showed on Tuesday.
The Caixin services Purchasing Managers' Index rose more-than-expected to 54.5 in June from 41.4 in May. The reading was forecast to advance moderately to 49.7.
The upturn ended a three-month period of falling output, with the rate of expansion the quickest recorded since July 2021.
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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.