China's service sector growth eased sharply in March but business outlook remained positive and cost pressures remained moderate, survey data published by S&P Global showed Friday.
The headline RatingDog China services Purchasing Managers' Index fell to 52.1 in March from a 33-month high of 56.7 in February.
The score was also below economists' forecast of 53.7. However, a reading above 50.0 indicates expansion in the services sector.
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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.