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🇨🇳 Caixin services jump to 54.4 as manufacturing returns to stall speed
The day in view

🇨🇳 Caixin services jump to 54.4 as manufacturing returns to stall speed

Macro Soup Newsroom Macro Soup Newsroom 2 min read

Caixin Services hit 54.4 in May, 2.1 points above consensus, while the NBS Manufacturing PMI slipped to exactly 50.0. China's recovery is running on services; the factory sector has stalled.

Line chart of RatingDog China General Services PMI Business Activity index from 2016 to 2026 with sharp drop in 2020.
China's private services PMI accelerated to 54.4 in May, the strongest expansion in three months as new business growth strengthened and export orders rebounded. Source

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