Services Resilient as Caixin PMI Slips to 51.7

(Beijing) – China’s service sector growth slowed in July as the Caixin General Services PMI slipped to 51.7, down from the 11-month high of 52.7 posted in June.

But the Caixin Composite Output Index, which reflects the nation’s combined service and manufacturing activity, saw the fastest growth rate since September 2014, rising to 51.9 in July from 50.3 in June.