The Caixin China General Services PMI declined to 50.6 in June 2025, down from May’s 51.1 and below market forecasts of 51.0. The latest reading marked the weakest expansion in the services sector since September 2024, as growth in new orders eased and foreign sales recorded their sharpest decline since December 2022 amid subdued global conditions. In response, employment fell marginally. Regarding prices, input costs rose slightly due to higher raw material and fuel prices, although overall input inflation eased to a three-month low. Meanwhile, selling prices declined for a fifth consecutive month, marking the steepest drop since April 2022 amid intense market competition. Finally, business sentiment improved for a second successive month on hopes of better economic conditions and stronger sales, but remained well below the long-run average.