Home Squawk China’s Services Sector Grows At A Slower Pace

China’s Services Sector Grows At A Slower Pace

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China’s Caixin Services PMI fell to 54.1 in July 2020 from a 10-year high of 58.4 in June and showed the slowest expansion in the 3-month post-Covid recovery sequence.

Components:

  • The employment index decreased for the sixth consecutive month.
  • In terms of price, input costs increase
  • Sentiment strengthens to a 5-year high.