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CHINA'S SERVICES ACTIVITY EXPANDS FURTHER, BUT EXTERNAL DEMAND SLOWS

  • NEWS Desk Global
  • Aug 5, 2024
  • 1 min read



Growth in China's services activity accelerated in July helped by new orders, although momentum in overseas demand eased to its slowest pace in 11 months.

The Caixin/S&P Global services purchasing managers' index (PMI) rose to 52.1 from 51.2 in June, pointing to expansion for the 19th straight month. The index covers mostly private and export-oriented companies and the 50-mark separates expansion from contraction on a monthly basis.

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