A private survey of China’s services sector showed activity expanded at the slowest rate this year in August, as the post-Covid rebound wanes and the economy’s difficult outlook holds people back from spending.

The Caixin services purchasing managers’ index fell to 51.8 last month from 54.1 in July, Caixin and S&P Global said in a statement Tuesday. While the reading was still above the 50 line that separates expansion from contraction, it was the weakest pace since December.

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China Services Ease in Knock to Recovery, Survey Shows