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

News

Wrapping up the PMIs from China for last month. 

Services 55.1
Composite 53.8

  • prior 54.7

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.

Articles You May Like

EUR: German story to stay soft before turning any better – ING
Pound Sterling gains as investors shrug off increased BoE dovish bets
House speaker Johnson: We have a unified agreement among Republicans
Gold Price Today: Yellow metal prices fall by Rs 2,260/10 gm in a week, silver down by Rs 5,600/kg
Major European shares close marginally higher

Leave a Reply

Your email address will not be published. Required fields are marked *