China's Caixin/ S&P Global Services PMI drops to 55.0 in August vs. 55.5 previous China PMI EconomicIndicator AUDUSD
for August arrived at 55.0 vs. 55.5 prior, showing that the country’s services activity growth slowed in the reported month.
Wang Zhe, Senior Economist at Caixin Insight Group said, “The service sector’s recovery from a widespread outbreak of Covid-19 earlier in the year continued in spite of new flare-ups.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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