The services sector in China continued to expand in May, albeit at a slower pace, the latest survey from Caixin revealed on Friday with a services PMI score of 51.2.
That's down from 51.8 in April, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components, new business, employment and volumes of unfinished work all expanded slightly in May, while total new orders saw slight decline.
The composite PMI dipped to 50.5 from 50.8 in the previous month.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.