China Caixin services PMI on Wednesday showed growth slowed in June, coming in at 51.6, down from May's four-month high of 52.8.
Caixin June services PMI showed growth in the sector has slowed, but there's nothing to be concerned about, says Donna Kwok, senior China economist at UBS.
The Purchasing Managers Index (PMI) is a closely watched economic indicator, but the value of this data has been called into question.
Paul Donovan, global economist and managing director at UBS Wealth Management, reacts to the latest PMI data out of Spain, explaining why we won’t be seeing 3.5 to 4 percent growth in Europe.
Healthy manufacturing shown by Chinese purchasing managers' index (PMI) is promising, said Tim Graf, State Street's head of macro strategy.
Asia markets closed mostly higher on Monday, as markets digested key economic indicators out of China and Japan.
The Caixin China manufacturing PMI for June beat expectations, offering another signal that the mainland's economy is defying expectations for a slowdown.
Asian bourses closed mostly lower on Friday, despite China manufacturing activity beating expectations, as tech shares sold off.
China's official manufacturing PMI for June rose to 51.7, accelerating from 51.0 in May and beating a Reuters poll forecast for 51.0.