China's services growth slows to three-month low as confidence weakens Reuters
China's services growth slows to three-month low as confidence weakens - Reuters
In short
Recent indicators point to decelerating operational activity among domestic service providers across the country. The pace of expansion has now hit its lowest level recorded in a quarter. Weakening confidence among operators suggests potential headwinds for the sector moving forward.
Key points
- Chinese service industries are currently facing a noticeable reduction in expansion momen…: Chinese service industries are currently facing a noticeable reduction in expansion momentum.
- A weakening in confidence is exerting downward pressure on recent service activity.: A weakening in confidence is exerting downward pressure on recent service activity.
- The service sector pace has fallen to its lowest point in months.: The service sector pace has fallen to its lowest point in months.