China-Services PMI/May
China-Services PMI/May
Dateline : Recent/File
Location : China
Duration : 0'51
Beijing, China - Recent (CGTN - No access Chinese mainland)
1. Graphic showing China's Services PMI by month
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
2. Cityscape
3. Various of leisure activities, shopping, dining
4. Various of tax refund service
5. Various of leisure activities
6. Various of live-streaming promotion in progress
7. Staff members working in office
8. Warehouse interior, parcels on shelf, forklift moving
9. Parcels on conveyor belt
10. Various of robots working in warehouse
11. Aerial shots of charging station, vehicles at parking lot
China's services activity expanded at its quickest pace in three months in May on stronger domestic demand and new client acquisitions.
The private survey RatingDog Services Purchasing Managers' Index (PMI) rose to 54.4 in May from 52.6 in April, beating market expectations.
New business growth accelerated for the fourth time in five months on improved market fundamentals, corporate innovation and new project rollouts. New export orders also swung back into expansion territory.
Meanwhile, services firms added headcount for the first time in four months, reflecting stronger demand and growing backlogs.
However, cost inflation picked up steam, due to higher oil and fuel costs, procurement expenses, and wages.
ID : 8482630
Published : 2026-06-03 16:28
Last Modified : 2026-06-03 19:48:36
Source : China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
More