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China Services Gauge Fares Better Than Forecast Despite Slip

China Services Gauge Fares Better Than Forecast Despite Slip
Bloomberg Markets Friday 03 July 2026, 02:21 UTC By Andreo Calonzo 1 min read
Key Points

China Services Gauge Fares Better Than Forecast Despite Slip China’s services activity eased less than expected in June, a private survey showed, adding to signs that the country’s economic momentum is picking up. The RatingDog China services purchasing managers’ index came in at 54.1, moderating from 54.4 in May, when it was buoyed by holiday spending. It exceeded the median estimate of 53 in a Bloomberg survey of economists to remain well above the 50 mark separating expansion from...

China Services Gauge Fares Better Than Forecast Despite Slip China’s services activity eased less than expected in June, a private survey showed, adding to signs that the country’s economic momentum is picking up. The RatingDog China services purchasing managers’ index came in at 54.1, moderating from 54.4 in May, when it was buoyed by holiday spending. It exceeded the median estimate of 53 in a Bloomberg survey of economists to remain well above the 50 mark separating expansion from contraction.
China Services Gauge (ORG) Slip China Services Gauge (ORG) Slip (PERSON) China (LOCATION) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →

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