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China: Service sector activity growth accelerates further in May
The latest PMI® data revealed a continued acceleration in growth of the Chinese services sector in May, with both total activity and new business expanding at the fastest rates in three months. There was a renewed boost to employment as outstanding work rose the most in nearly two years. Cost pressures picked up to the highest since October 2024. The headline RatingDog China General Services Business Activity Index moved further above the 50.0 neutral mark to 54.4 in May, up from April's 52.6, signalling the steepest increase in services activity for three months. The current sequence of expansion began in January ... (full story)
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