China's services business activity index hits 50.2 in June - China Report

According to data released by the National Bureau of Statistics of China on the 15th, the growth rate of the service industry in the first half of the year increased by 4.6% compared to the same period last year. Of this, the information transmission and software and information technology services industries increased by 4.6%.
The domestic industry saw an increase of 11.9%, leasing and business services increased by 9.8%, transportation, warehousing and postal services increased by 6.9%, accommodation and food service increased by 6.6%, and wholesale and retail increased by 5.7%.
The service production index increased 4.7% in June from the same month a year earlier. Of this, information transmission, software and information technology services increased 13.5%, while leasing and business services increased 14.7%.
In the first five months of the year, the operating income of service industry companies of a certain size or larger increased 8.5% compared to the same period last year.
The services business activity index for June was 50.2. The business activity expectations index also fell 0.0 from the previous month.
The index rose 0.6 points to 57.6. The business activity index for air transport, postal services, telecommunications, broadcasting and satellite communication services, financial services, and insurance all exceeded 55, indicating relatively strong economic conditions.
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