China service sector growth expands slightly in June

07/05/16

Permalink 11:25:49 am, by dacare, 62 words, 190 views   English (US)
Categories: News of China

China service sector growth expands slightly in June

Business activity in China's service sector expanded slightly in June, a private survey showed Tuesday.

The Caixin China General Services PMI (Purchasing Managers' Index) came in at 52.7 in June, up from 51.2 in May, according to the survey conducted by financial information service provider Markit and sponsored by Caixin Media Co. Ltd.

A reading above 50 indicates expansion, while a reading below 50 represents contraction.

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