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Financial News: China Services PMI Jumps To 53.9 In June

China Services PMI Jumps To 53.9 In June

07/03/2018 - 21:54:00 (RTTNews)

(RTTNews) - The services sector in China continued to expand in June, and at a faster rate, the latest survey from Caixin showed on Wednesday with a PMI score of 53.9.

That beat forecasts for 52.7 and it's up from 52.9 in May, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output continued to expand, while staffing levels saw further increase at service companies - although they continued to decline at goods producers.

Also, there were sharper rises in input costs.

As a result, the composite index

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