China Caixin June services PMI 51.2 (expected 53.4, prior 54.0)

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