India, July 3 -- China's services activity expanded at the slowest pace in nine months in June on falling export business, survey data from S&P Global showed on Thursday.
The Caixin services Purchasing Managers' Index registered 50.6 in June, down from 51.1 in May.
The score has remained above the 50.0 threshold for the thirtieth consecutive month and the reading signaled the softest rise since last September.
The moderation in the new business growth was the major reason for the softer rise in services activity. Export business decreased at the fastest pace since December 2022.
Service providers lowered their staffing levels due to the slowdown in new order growth. The fall in employment contributed to a build-up of outstanding work in...