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macroJul 3, 2026, 1:46 AM

China Services PMI Eases to 54.1 in June

China's Services PMI declined to 54.1 in June from 54.4 in May, according to RatingDog data, signaling a slight slowdown in service sector expansion.

AUDUSD

China's services sector continued to expand in June, though at a slightly slower pace. The Services Purchasing Managers' Index (PMI) released by RatingDog fell to 54.1 from 54.4 in May.

A reading above 50 indicates expansion. The dip suggests a modest easing in service sector growth, which may influence market expectations for the Chinese economy and its currency.

The data is particularly relevant for the Australian Dollar (AUD), as Australia's economy is closely tied to Chinese demand. A softer Chinese service sector could weigh on AUD sentiment, though the index remains firmly in expansion territory.

Source: FXStreet Forex News