Economic Buzz: Chinas Services Sector Contracts In May

6 Jun 2022 , 11:11 AM

The services sector in China continued to contract in May, albeit at a slower pace, the latest survey from Caixin revealed, with a services PMI score of 41.4. Thats up from 36.2 in April although it remains well beneath the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed that the composite index improved to 42.2 in May from 37.2 in April. Powered by Commodity Insights