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Caixin China General Services PMI: Softest rise in services activity in nine months
China's service sector expanded again at the end of the second quarter. That said, rates of both business activity and new order growth eased since May. This was amidst another reduction in new export business. Meanwhile, job shedding was recorded for the third time in the past four months, which contributed to a faster accumulation of backlogged work. Overall sentiment was positive regarding the 12-month outlook, but remained historically subdued. On prices, a slower rise in average input costs coupled with competitive pressures led to another fall in output charges in June. The headline Caixin China General ... (full story)
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