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China’s services activity growth falls to 14-month low in June, weighed down by resurgence of coronavirus cases

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[unable to retrieve full-text content]Growth in China’s services sector slowed sharply in June to a 14-month low, weighed down by a resurgence of coronavirus cases in southern China, a private survey showed on Monday, adding to concerns the world’s second-largest economy may be starting to lose some momentum.The Caixin/Markit services purchasing managers’ index (PMI) fell to 50.3 in June, the lowest since April 2020 and down significantly from 55.1 in May. It held just above the 50-mark, which separates growth from contraction on a…

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[unable to retrieve full-text content]
Growth in China’s services sector slowed sharply in June to a 14-month low, weighed down by a resurgence of coronavirus cases in southern China, a private survey showed on Monday, adding to concerns the world’s second-largest economy may be starting to lose some momentum.The Caixin/Markit services purchasing managers’ index (PMI) fell to 50.3 in June, the lowest since April 2020 and down significantly from 55.1 in May. It held just above the 50-mark, which separates growth from contraction on a…
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