This is the private survey services and composite PMI for June 2025
Services 50.6, the slowest growth in 9 months
Weaker demand and falling export orders—the steepest drop since December 2022—dampened overall activity.
Hiring slowed, with service providers cautious on employment, leading to the fastest buildup of backlogs in a year.
Output prices dropped at the steepest rate in over three years, reflecting intense market competition and weaker pricing power.
Despite the softness, business sentiment remained positive, though expectations were broadly unchanged from May.
Composite 51.3, bouyed by the stronger manufacturing performance
prior 49.6Earlier this week:
China official PMI data for June 2025, Services 50.5, Composite 50.7China Caixin June 2025 Manufacturing PMI 50.4 (expected 49.0, prior 48.3)more to come
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