China's Service Sector Growth Slows Down in June: Caixin PMI Report
Wednesday, 3 July 2024, 01:46
China's Caixin June Services PMI
This month, the service PMI figure for China was 51.2, which was below the expected 53.4 and previous month's 54.0.
Concerns Arise
- Slower Growth: The data indicates a deceleration in the growth rate of the service sector.
- Economic Impact: This shortfall raises concerns about the overall economic health of China.
China's service sector faces challenges with lower PMI figures, emphasizing potential economic issues.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.