China services activity is low for the third straight month in May
Mon, Jun 6, 2022 8:05 AM

China services activity is low for the third straight month in May

A Flip by Farha
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China's services activity in May declined for a third straight month despite easing some COVID lockdowns in Shanghai and neighbouring cities, indicating a slow recovery.  

The Caixin services purchasing managers' index (PMI) increased to 41.4 in May from 36.2 in April, showing a slight recovery in the financial city of Shanghai after authorities began to roll back some of the strict restrictions.

 

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