Press "Enter" to skip to content

China’s services sector expanded at fastest pace since October 2010 in May, but job losses continued – private survey

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China’s services sector returned to expansionary territory in May for the first time since the coronavirus outbreak erupted, growth at the fastest pace since November 2016, as domestic economy rebounded from coronavirus lockdown.

The Caixin/Markit services purchasing managers’ index (PMI), which focuses on smaller, private firms, jumped to 55 last month, improving sharply from 44.4 in April. A reading above 50 indicates an expansion in activity, while a figure below that points to a . . .

To continue reading, please subscribe. You will get

 

  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • DETAILS MATTER - we bring you details that you won't find elsewhere
  • THE WIRE  - up-to-the-minute updates of market-moving news and views
  • DAILY BRIEF - daily newsletter to give you a quick overview of the most important business news every day.

FREE TRIAL cancel anytime

LIMITED-TIME OFFER - 50% OFF

 

We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In

Top