China's private services sector growth slowed to a three-month low of 50.8 in October, missing expectations as rising costs and price competition weighed on business activity and the composite PMI.
China's private services PMI fell to 50.8 in October from 51.6, missing the 51.5 expectation and marking a three-month low; the composite eased to 52.0 from 52.4. Softer activity and new business, plus rising costs and price cuts, argue for a weaker near-term growth picture and a softer yuan. Still, both readings remain above 50, limiting the downside.
It fell to 50.8 from 51.6, below the 51.5 expectation, the weakest pace in three months.
No, 50.8 is still above the 50 level that separates expansion from contraction, though growth slowed.
China's private services sector saw growth moderate to a three-month low in October, with the RatingDog PMI falling to 50.8 from 51.6. The reading missed market expectations of 51.5, reflecting increased pressure from rising operational costs and aggressive price cuts that are squeezing corporate margins.
It fell to 50.8 from 51.6, missing the 51.5 expectation, representing the weakest growth pace in three months.
No, the reading remains above the 50.0 threshold, indicating that the sector is still expanding, albeit at a slower rate.