China’s services activity softens as recovery falters – Caixin PMI

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Customers eat lunch as dine-in service resumes following the coronavirus disease (COVID-19) outbreak, at a restaurant in Beijing, China June 6, 2022. REUTERS/Tingshu Wang
Customers eat lunch as dine-in service resumes following the coronavirus disease (COVID-19) outbreak, at a restaurant in Beijing, China June 6, 2022. REUTERS/Tingshu Wang

BEIJING, July 5 (Reuters) – China’s services activity expanded at the slowest pace in five months in June, a private-sector survey showed on Wednesday, as weakening demand weighed on post-pandemic recovery momentum.

The Caixin/S&P Global services purchasing managers’ index (PMI) eased to 53.9 in June from 57.1 in May, the lowest reading since January when COVID-19 swept

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