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China's services growth slows to three-month low as confidence weakens - Reuters

By · Published by Everything Blog

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.

China's services growth slows to three-month low as confidence weakens    Reuters

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