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China’s services sector expanded at slower pace in July, weighed down by falling export orders and job losses

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[unable to retrieve full-text content]China’s services sector activity continued to grow in July, but the pace slowed from a decade high the previous month as export orders remained weak and firms continued to shed workers, a private survey showed on Wednesday.The Caixin/Markit services purchasing managers’ index (PMI), which focuses on smaller, private firms, fell to 54.1 in July from 58.4 in June, which was the highest reading since April 2010. A reading above 50.0 indicates growth in sector activity, while a reading below…

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[unable to retrieve full-text content]
China’s services sector activity continued to grow in July, but the pace slowed from a decade high the previous month as export orders remained weak and firms continued to shed workers, a private survey showed on Wednesday.The Caixin/Markit services purchasing managers’ index (PMI), which focuses on smaller, private firms, fell to 54.1 in July from 58.4 in June, which was the highest reading since April 2010. A reading above 50.0 indicates growth in sector activity, while a reading below…

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