China Caixin / Markit Services PMI for June: 54.5 (expected 47.3)

China Caixin / Markit Services PMI for June surges to 54.5

• expected 47.3
• prior 41.4

Composite 55.3

• prior 42.2

These are the final PMIs from China for June. Earlier:

• China June PMIs solid, but "Soft market demand is still the main problem ... " (NBS)
• China June Manufacturing PMI 50.2 (expected 50.5) Non-manufacturing 54.7 (expected 52.5)
• China Manufacturing PMI for June: 51.7 (expected 50.1). Private survey Caixin / Markit PMI

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Comparing the two surveys (official vs. Markit):

• The Official PMI survey typically polls a large proportion of big businesses and state-owned enterprises.
• Caixin indicator features a bigger mix of small- and medium-sized firms

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