Chinese Industry sentiment index still positive

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Chinese industry and services continued to slow down in June. This was shown on Wednesday by figures from the Chinese government.

The industry index fell from 51.0 in May to 50.9 in June, but it was better than the expected 50.7. It is now the third month in a row that growth is slowing down.

The index measuring the activity of the Chinese service sector reached 53.5 in June compared to 55.2 in May. Here too, growth has been slowing down for three months in a row.

An index position greater than 50 indicates growth, while less than 50 means contraction.

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Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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