Activity in China's private services sector expanded at a slower pace in June, driven by a deceleration in new business growth.
The latest Purchasing Managers' Index (PMI) data indicates that while external demand remained a support, the overall momentum in the domestic services market is cooling.
The report, sourced from Infomoney, highlights a divergence in the drivers of China's economic activity.
As new business orders slowed, the sector's expansion relied more heavily on external demand, suggesting that domestic consumption and investment may be facing headwinds.
This development arrives against a backdrop of mixed global growth signals.
In the euro zone, private sector activity contracted for a third consecutive month in June, although the rate of decline moderated compared to previous readings.