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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: China's services growth slows to 10-month low in July; weak demand weighs on outlook

China

China's services sector expanded at its slowest pace in 10 months in July as softer domestic demand weighed on business activity and new orders, signalling that the country's economic recovery continues to face headwinds, Reuters reported.

According to a private survey compiled by S&P Global, the RatingDog China General Services Purchasing Managers' Index (PMI) eased to 50.4 in July from 54.1 in June. The reading remained above the 50-mark, indicating continued expansion, but marked the weakest pace of growth since September 2024.

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