The services sector in China continued to expand in May, and at an accelerated pace, the latest survey from Caixin showed on Monday with a PMI score of 52.8.
That’s up from 51.5 in April, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
There was an acceleration in business activity growth, while manufacturers saw only a marginal rise in production. Furthermore, goods producers registered the slowest increase in output for 11 months.
The survey also showed that the composite index advanced to a reading of 51.5 from 51.2 in the previous month.
The material has been provided by InstaForex Company – www.instaforex.com
June 05, 2017 at 07:52AM
from
No comments:
Post a Comment