The Caixin/Markit services purchasing managers’ index (PMI), which focuses on smaller, private firms, jumped to 58.4 in June from 55.0 in May. A reading above 50.0 indicates growth in sector activity, while a reading below indicates contraction. Photo: EPA-EFE The Caixin/Markit services purchasing managers’ index (PMI), which focuses on smaller, private firms, jumped to 58.4 in June from 55.0 in May. A reading above 50.0 indicates growth in sector activity, while a reading below indicates contraction. Photo: EPA-EFE
The Caixin/Markit services purchasing managers’ index (PMI), which focuses on smaller, private firms, jumped to 58.4 in June from 55.0 in May. A reading above 50.0 indicates growth in sector activity, while a reading below indicates contraction. Photo: EPA-EFE
China economy

China’s services sector expanded at its quickest pace in over a decade in June

  • The Caixin/Markit services purchasing managers’ index (PMI), which focuses on smaller, private firms, jumped to 58.4 in June from 55.0 in May
  • The rate of expansion in June was the quickest recorded since April 2010, while new orders rose at the fastest pace since August 2010

Topic |   China economy
The Caixin/Markit services purchasing managers’ index (PMI), which focuses on smaller, private firms, jumped to 58.4 in June from 55.0 in May. A reading above 50.0 indicates growth in sector activity, while a reading below indicates contraction. Photo: EPA-EFE The Caixin/Markit services purchasing managers’ index (PMI), which focuses on smaller, private firms, jumped to 58.4 in June from 55.0 in May. A reading above 50.0 indicates growth in sector activity, while a reading below indicates contraction. Photo: EPA-EFE
The Caixin/Markit services purchasing managers’ index (PMI), which focuses on smaller, private firms, jumped to 58.4 in June from 55.0 in May. A reading above 50.0 indicates growth in sector activity, while a reading below indicates contraction. Photo: EPA-EFE
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