empty
 
 

2020.06.0301:56:00UTC+00China Services PMI Jumps To 55.0 In May - Caixin

The services sector in China turned to expansion in May, the latest survey from Caixin revealed on Wednesday with a services PMI score of 55.0.

That's up from 44.4 in April and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, business activity and new work rose at the quickest rates since 2010. The pandemic continued to weigh heavily on export orders, and employment fell slightly as firms looked to raise efficiency.

The survey also showed that its composite index jumped to 54.5 in May, up from 47.6 in the previous month.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback