China Caixin Services PMI for May 2024 54.0 (prior 52.5)

China Caixin Services PMI for May 2024 54.0 (prior 52.5)

• expanded fastest since August 2023
• Composite 54.1 (prior 52.8)

Earlier PMIs from China for May:

China May 2024 Official Manufacturing PMI 49.5 (expected 50.5)

Caixin manufacturing PMI

• showed manufacturing activity in May grew at the fastest pace in about two years

This article was written by Eamonn Sheridan at www.forexlive.com.