International Economic

China services activity slows as firms fret about costs - Caixin survey

By Frank Prenesti

Date: Wednesday 04 Sep 2024

(Sharecast News) - China services sector activity showed slower growth last month as firms cut staffing in response to concerns about higher costs, according to a private survey published on Wednesday.

The Caixin/S&P Global services purchasing managers' index (PMI) fell to 51.6 in August from 52.1 in July. A mark...

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