Updated: 07/04/2012 22:20

China HSBC services PMI eases to 10-month low in June

®Copyright MediaCorp

China's services firms grew at their slowest rate in 10 months in June, as new order growth cooled.

A private sector survey showed that the services purchasing managers index stood at 52.3 last month, down from 54.7 in May.

A reading above 50 indicates an expansion in the services sector.

The survey also pointed out that a slowdown in new deals would mean a marginal growth in employment.