BEIJING (dpa-AFX) - The services sector in China continued to expand in June, albeit at a slower pace, the latest PMI from HSBC Bank showed on Friday, with a PMI score of 51.8.
That's down from 53.5 in May, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components, service sector activity growth eased to a five-month low, while manufacturing output contracts slightly.
It marked the slowest increase in new business at service providers in 11 months, while new work rose only slightly at manufacturers.
Copyright RTT News/dpa-AFX