China Caixin service PMI edges down

Xinhua
The Caixin General Services Purchasing Managers' Index (PMI) fell to 51.6 from May's four-month high of 52.8.
Xinhua

China's service sector growth cooled slightly in June, but remained in expansionary territory, a private survey showed Wednesday.

The Caixin General Services Purchasing Managers' Index (PMI) fell to 51.6 from May's four-month high of 52.8, 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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