Mumbai, July 3 -- Chinese services activity remained strong in June, supported by solid demand and steady growth in new business, according to the latest RatingDog PMI survey.
The headline RatingDog China General Services Business Activity Index stood at 54.1 in June, slightly lower than 54.4 in May but still well above the 50.0 no-change mark. The reading signalled the third-strongest expansion in services activity in nearly three years, with the current growth streak continuing since January 2023.
New business increased for the thirteenth consecutive month, supported by stronger client demand, new customer acquisitions, project wins and business development efforts. Export business also expanded for a second straight month at the fastes...