Global Finance News
05 Aug 2026, 10:25
China Services PMI Falls Sharply in July, Signaling Weakening Services Activity
China's services sector lost significant momentum in July, with the RatingDog Services PMI falling well below expectations.
The index came in at 50.4, missing the 53.7 consensus forecast and declining sharply from 54.1 in June. Although the reading remains slightly above the 50-point threshold that separates expansion from contraction, it indicates that growth in China's services sector slowed markedly during the month.
China's services sector lost significant momentum in July, with the RatingDog Services PMI falling well below expectations.
The index came in at 50.4, missing the 53.7 consensus forecast and declining sharply from 54.1 in June. Although the reading remains slightly above the 50-point threshold that separates expansion from contraction, it indicates that growth in China's services sector slowed markedly during the month.
