China’s services PMI falls slightly in June – Xinhua

Posted on June 30, 2024 by Dsen .N

Workers at a construction site in Xiong’an New Area, north China’s Hebei Province, June 26, 2024. (Xinhua/Mu Yu)

BEIJING, June 30 (Xinhua) — The purchasing managers’ index (PMI) for China’s non-manufacturing sector in June was 50.5, down from 51.1 in May, official data showed on Sunday.

A reading above 50 indicates expansion, while a reading below 50 reflects recession. ■