The Traderszone Network

Published in TZ Latest News 4 August, 2015 by The TZ Newswire Staff

China’s July services activity quickens to 11-month high: survey

China’s official services PMI released on Saturday showed that activity quickened slightly in July from the previous month. The relatively resilient services sector could help offset some downward pressure on the economy as the manufacturing sector struggles to cope with weaker demand at home and abroad. The final Caixin/Markit factory survey showed activity contracted the most in two years in July while the official PMI showed manufacturing growth unexpectedly stalled.