The services sector in China continued to expand in July, albeit at a slower pace, the latest survey from Caixin showed on Friday with a PMI score of 52.8.
That’s down from 53.9, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, service sector new orders expanded at their weakest rate in more than two and a half years.
Overall business confidence fell to its lowest level since November 2015.
The survey also showed that China’s composite index fell to a score of 52.3, down from 53.0 in June.