Tuesday 5 August 2014

China's services sector slows, Japan's accelerates

China's services sector slowed in July, recent reports showed.

A report on Tuesday showed that the services PMI compiled by HSBC and Markit fell to 50.0 last month from June's 15-month high of 53.1.

On Sunday, the National Bureau of Statistics had reported that its non-manufacturing PMI fell to 54.2 in July from 55.0 in June.

Elsewhere in Asia on Tuesday, Markit reported that its services PMI for Japan rose to 50.4 in July from 49.0 in June.

As a result, the composite index climbed to 50.2 from 50.0.

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