RatingDog China general services PMI at 54.1 in June vs 54.4 in May
RatingDog China general services PMI at 54.1 in June vs 54.4 in May
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Business activity across China's private service sector expanded in June, with the headline RatingDog China General Services Business Activity Index, compiled by S&P Global, coming in at 54.1, according to data released on Friday.
The latest reading beat the consensus forecast of 53 tracked by Investing.com, and compared with the 54.4 recorded in the previous month.
The monthly momentum was primarily driven by increased new business, stronger client demand, and the successful development of projects, S&P Global said.
Separately, the official government non-manufacturing PMI edged up to 50.2 in June from 50.1 in May, marking a second consecutive month of expansion for the broader index.