These are the privately surveyed PMI results from China for June.
Caixin PMI Services 51.2
- expected 53.4, prior 54.0
Composite 52.8
- prior 54.1
The Key points made in the report:
- Export business growth remains solid despite slowing in
line with overall new business - Staffing levels fall marginally in June
- Charges rise only fractionally as input price inflation
declines
Earlier:
- China Caixin Manufacturing PMI for June 2024 51.8 (expected 51.2, prior 51.7)
- Note for the diary – China’s plenum meeting in July will focus on the economy
This article was written by Eamonn Sheridan at www.forexlive.com.
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