China's service sector grew at the slowest pace in eight months in August largely due to weaker new business, signaling a slowdown in economic growth in the third quarter. The Caixin services Purchasing Managers' Index slipped more-than-expected to 51.8 in August from 54.1 in July. The expected score was 53.6.A reading above 50.0 indicates expansion in the sector. However, the latest upturn was th...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.