5 Aug 2015
Caixin China Services PMI hits 11-month high
FXStreet (Bali) - Caixin China General Services PMI came at 53.8 in July,
up from June’s recent low of 51.8, hitting an 11-month high.
Summary – Services and Composite PMI data
"Caixin China Composite PMI™ data (which covers both manufacturing and services)
signalled a further increase in Chinese business activity during July. That said, the Caixin Composite Output Index posted only fractionally above the neutral 50.0 mark at 50.2, down from 50.6 in June, and pointed to the weakest rate of expansion in 14 months."
up from June’s recent low of 51.8, hitting an 11-month high.
Summary – Services and Composite PMI data
"Caixin China Composite PMI™ data (which covers both manufacturing and services)
signalled a further increase in Chinese business activity during July. That said, the Caixin Composite Output Index posted only fractionally above the neutral 50.0 mark at 50.2, down from 50.6 in June, and pointed to the weakest rate of expansion in 14 months."