China’s Service Sector Activity Improves ...Middle East

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China’s Service Sector Activity Improves
source : OILPRICE ( Middle East ) () 39
China’s service sector grew at an accelerated pace in May, according to the latest reading of the Caixin PMI index, which stood at 57.1, Reuters reported. This is a very different reading from the official one, which came out last week and showed an expansion of 54.5 for May, down from 56.4 in the previous month. The difference between the two could be explained by the different survey sizes of Caixin PMI readings and official PMI readings. Despite strong service sector growth, manufacturing activity remains a problem because it has been…

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