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China's Services PMI Rises to 54.4 in May, Up 1.8 Points, Fastest Growth in Three Months

2026-06-03 01:55:45

According to Jin10, China's services PMI rose to 54.4 in May from 52.6 in April, marking the fastest expansion pace in three months. The index has remained in expansion territory for 41 consecutive months. New export business returned to growth after two months of contraction, while employment rebounded following three consecutive months of slight decline. Companies maintained optimistic expectations for the next 12 months, with business confidence at its highest level since February.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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