Analyzing the Caixin China Services PMI for June 2023: Signs of Moderate Expansion Amidst Softening Demand
In June 2023, the Caixin China General Services Purchasing Managers’ Index (PMI) reported a slight decline, falling to 53.9 from the previous month’s reading of 57.1. This reading suggests that the services sector in China experienced its sixth consecutive month of expansion, albeit at a slower pace since January. The moderation in demand contributed to…
