Caixin China Purchasing Managers Index (PMI) landed at 53.9 in June, signaling an expansion in the country's services activity, according to a report released by the IHS Markit on Wednesday.
The sector showed signs of softening growth, with both the business activity and new orders expanding at notably slower rates than seen in May, according to the report.
"Service providers remained upbeat about the outlook for the next year, with the measure of their expectations for future activity staying above 50 and increasing more than 1 point from May," Senior Economist at Caixin Insight Group Dr. Wang Zhe said.
