BEIJING : China's services activity expanded at a slightly faster pace in July, supported by a jump in business in the summer travel season, a private-sector business survey showed on Thursday, partly offsetting the drag from the weak manufacturing sector.The Caixin/S&P Global services purchasing managers
BEIJING : China's services activity expanded at a slightly faster pace in July, supported by a jump in business in the summer travel season, a private-sector business survey showed on Thursday, partly offsetting the drag from the weak manufacturing sector.
The world's second-largest economy staged a solid rebound in the first quarter after strict COVID curbs were suddenly removed late last year, but the recovery has faded quickly in recent months as demand at home and abroad weakens. Companies said improved operating conditions, greater client numbers and new product releases had boosted sales at the start of the third quarter, according to the private survey. The sub-index of new business picked up from June, but was still below the series average.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's July factory activity swings back to contraction - Caixin PMIBEIJING : China's factory activity swung to contraction in July, a private sector survey showed on Tuesday, with supply, demand and export orders all deteriorating as firms blamed sluggish market conditions at home and abroad.The Caixin/S&P Global manufacturing purchasing managers' index (PMI) fell to 49.
Read more »
Japan's service activity growth softens in July - PMITOKYO : Japan's service sector activity expanded at a slightly slower pace in July as new business growth eased and cost pressures remained high, but the overall performance of the sector stayed solid amid the fading impact of COVID-19, a private-sector survey showed on Thursday.The final au Jibun Bank Ja
Read more »
China new home prices fall for third month in July - surveyBEIJING : Average new home prices in 100 Chinese cities fell for a third consecutive month in July, while more measures are expected in major cities to lift the country's embattled property sector, a private survey showed on Tuesday.New home prices on an average fell 0.01 per cent month-on-month in July,
Read more »
China's July equity fund sales hit 4-year low as confidence seeps awaySHANGHAI : China's mutual fund managers raised 4.8 billion yuan ($668.20 million) for active equity fund products in July, the lowest level since August 2019, according to data compiled by fund consulting firm Z-Ben Advisors. The weak fundraising came as the post-pandemic economic recovery faltered, and C
Read more »
Indonesia's July inflation rate slows to 3.08% y/yJAKARTA : Indonesia's annual inflation rate cooled further to 3.08 per cent in July, moving closer to the middle of the central bank's target range and roughly in line with expectations, data from the statistics bureau showed on Tuesday.A Reuters poll had expected a July rate of 3.1 per cent. Bank Indones
Read more »
South Korea July consumer inflation slowest in 25 monthsSEOUL : South Korea's consumer inflation cooled for a sixth consecutive month in July and by more than expected, official data showed on Wednesday.The consumer price index stood 2.3 per cent higher in July than a year earlier, after a 2.7 per cent rise in June and compared with a median 2.4 per cent incre
Read more »