China Services Activity Weakens to 9-Month Low in New Hurdle
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China's services activity slipped more than forecast to reach a nine-month low, a private survey showed, a worry for the economy as higher US tariffs threaten exports.
The Caixin China services purchasing managers' index fell to 50.6 in June from 51.1 the month before, according to a statement from Caixin and S&P Global on Thursday. The median forecast of economists surveyed by Bloomberg was 50.9, with any reading above 50 indicating an expansion.
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