{"id":18194,"date":"2023-06-05T01:23:24","date_gmt":"2023-06-05T05:23:24","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/chinas-caixin-services-pmi-rose-in-may\/"},"modified":"2023-06-05T01:23:24","modified_gmt":"2023-06-05T05:23:24","slug":"chinas-caixin-services-pmi-rose-in-may","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=18194","title":{"rendered":"China&#8217;s Caixin Services PMI Rose in May"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230604-701313\" role=\"document\">\n<p>A private gauge of China&#8217;s service activities edged up in May and remained in expansionary territory for the fifth consecutive month, suggesting continued recovery in the services sector after Beijing&#8217;s lifting of Covid restrictions.<\/p>\n<p>The Caixin China services purchasing managers index rose to 57.1 in May from 56.4 in April, Caixin Media Co. and S&amp;P Global said Monday. The 50 mark separates expansion from contraction.<\/p>\n<div class=\"paywall\">\n<p>China&#8217;s official nonmfanucturing PMI, which covers both service and construction activity, dropped to 54.5 in May from 56.4 in April, according to official data. The subindex tracking service activity declined to 53.8 in May from 55.1 in April.<\/p>\n<pre><\/pre>\n<p>Write to Singapore Editors at singaporeeditors@dowjones.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/china-s-caixin-services-pmi-rose-in-may-44e2b5f2?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A private gauge of China&#8217;s service activities edged up in May and remained in expansionary territory for the fifth consecutive month, suggesting continued recovery in the services sector after Beijing&#8217;s lifting of Covid restrictions. The Caixin China services purchasing managers index rose to 57.1 in May from 56.4 in April, Caixin Media Co. and S&amp;P [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-18194","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China&#039;s Caixin Services PMI Rose in May | iFintechWorld<\/title>\n<meta name=\"description\" content=\"A private gauge of China&#039;s service activities edged up in May and remained in expansionary territory for the fifth consecutive month, suggesting continued\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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