China's May Caixin Services PMI at 55.1
The Composite PMI is 53.8... Contracted from 54.7 Last Month
[Asia Economy Reporter Kim Suhwan] China's May Services Purchasing Managers' Index (PMI) declined compared to the previous month.
On the 3rd, Chinese financial media Caixin announced that China's May Services PMI recorded 55.1. This is lower than the 56.3 recorded in the previous month.
Additionally, the May Composite PMI, which includes both manufacturing and services, recorded 53.8, down from 54.7 in the previous month.
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This index, which shows the overall economic trend of the service sector, indicates expansion in business activity when above 50, and contraction when below 50.
This content was produced with the assistance of AI translation services.
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