29.2 C
Saturday, June 19, 2021

China Caixin/Markit PMIs Services 55.1 and Composite 53.8 for May

Must read

Wrapping up the PMIs from China for last month. 

Services 55.1
Composite 53.8

Falls for both and both still in expansion. 

From the report:

  • fall in overseas demand
  • gauge of export orders  into contraction
  • rrowth in total new orders slipped
  • services firms increased their staffing levels for the third straight month
  • inflation pressures – input costs rising at a sharper rate in May and reports of more expensive raw materials, energy, staff and transport

Invest in yourself. See our forex education hub.

Source link

- Advertisement -spot_img

More articles


Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest article