RatingDog’s China services PMI fell to 54.1 in June, down 0.3 percentage point
from May and remaining in expansion for a 42nd month. New business volumes grew
for a 42nd month but at a slightly slower pace; new export orders accelerated
sharply, the fastest gain so far this year. Firms’ 12‑month activity
expectations stayed optimistic. Input-cost inflation eased and selling prices
returned to expansion after two months of slight contraction. Employment rose
for a second month, with hiring intentions strengthening. Overall, June shows a
modest cooling from May’s peak but underlying activity remains solid.
