China’S Ratingdog Services Pmi Falls To 54.1 In June As Expansion Slows

China’s RatingDog services PMI came in at 54.1 in June, down 0.3 percentage points from May, marking the 42nd consecutive month in expansion territory. According to Jin10, demand continued to expand but at a slower pace. Total new business rose for the 42nd straight month, with growth easing slightly from May, while new export business growth accelerated sharply to the fastest pace so far this year. Companies remained optimistic about business activity over the next 12 months. On prices and employment, cost pressures eased and selling prices returned to expansion. Input cost inflation narrowed from the previous month. Selling prices ended two months of slight contraction and moved back into expansion. Employment increased for a second consecutive month, with faster growth, as firms showed stronger willingness to hire. Overall, the report said services-sector expansion in June slowed slightly from May’s high, while underlying conditions remained stable.