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
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