Caixin
Jul 05, 2022 09:45 AM
ECONOMY

China’s Services Activity Gets Back to Growth, Caixin PMI Shows

Services activity in China bounced back into expansionary territory in June for the first time since February as Covid-19 containment measures were loosened, a Caixin-sponsored survey showed Tuesday.

The Caixin China General Services Business Activity Index, which gives an independent snapshot of operating conditions in the sector, jumped to 54.5 in June from 41.4 the previous month to reach the highest in 11 months, the survey report showed. A number above 50 indicates an expansion in activity, while a figure below that points to a contraction.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
Caixin China Biz Roundup: China Cuts Key Interest Rates as Economy Weakens
00:00
00:00/00:00