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RatingDog China Composite PMI Falls From Three-Month High

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Business activity across China's private sector rose at a softer pace in June, with the headline RatingDog China Composite Output Index, compiled by S&P Global, coming in at 53.6 from 54 the previous month, according to data released on Friday.

A reading above 50 indicates an overall expansion in private sector activity, while a figure below signals a contraction.

The latest print, which aggregates combined performance figures across both the manufacturing and service sectors, eased from the three-month high recorded in May. Manufacturing PMI slowed to a three-month low of 51.7 in June from 51.8 in May, while services PMI likewise eased to 54.1 from 54.4.

The performance was in contrast with the official government composite PMI released earlier this week, which rose to a six-month high of 50.6 from 50.5 the previous month.

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