World Business News

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HSBC China Services PMI

Zone(s): China ¦ Sector(s): Economy (Services)
[5 June 2014, Markit Economics] On 5 June, Markit Economics published the latestHSBC China Services PMI™ (with Composite PMI data).  Composite data signals first expansion of output in four months.

HSBC China Composite PMI™ data (which covers both manufacturing and services) signalled an expansion of Chinese business activity in May, following a three – month sequence of contraction. That said, the rate of growth was only fractional, as signalled by the HSBC Composite Output Index posting at 50.2 in May, up from 49.5 in April.

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