BEIJING (Reuters) – China’s non-manufacturing exercise expanded at a a lot slower tempo in June, an official survey confirmed on Sunday, as shoppers remained cautious of spending amid property downturn and the Could vacation enhance light away.
The official non-manufacturing buying managers’ index (PMI), which incorporates providers and development, fell to 50.5 from 51.1 in Could, confirmed knowledge from the Nationwide Bureau of Statistics.
The composite PMI, which incorporates manufacturing and providers, got here in at 50.5 in June, down from 51.0 in Could.
The 50-point mark separates enlargement from contraction in exercise on a month-to-month foundation.