Mar 16
China's Private Sector Growth Slows in June
Tuesday, 05 July 2011 06:28

China's private sector growth slowed in June, as shown by survey results from Markit Economics, HSBC published today (5 / 7). HSBC composite output index in June fell from 52.8 in May to 51.6 for June.

The index number in June was recorded as yhang lowest in 27 months. Even so, the index numbers are still above 50 indicates that the Chinese private sector is still in expansionary territory (growth).

The decline in the growth of income primarily reflects the decline in manufacturing output for the first time in nearly a year. Conversely, service sector index numbers fairly solid with 54.1 in June.