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China: Further solid increase in services activity in June
The latest RatingDog PMI® survey data showed that Chinese service sector activity continued to rise solidly in June, as did inflows of new work. Companies increased their charges for the first time in four months and at the strongest rate in over two years as pricing power improved. Meanwhile, cost pressures eased since May. The headline RatingDog China General Services Business Activity Index remained comfortably above the 50.0 neutral mark to post 54.1 in June. This was down slightly from 54.4 in May, but still pointed to the third-steepest increase in services activity for nearly three years. The current sequence ... (full story)
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