China's service sector logged another marked contraction in May due to measures taken to contain the recent uptick in COVID-19 cases, survey results from S&P Global showed on Monday. The Caixin services Purchasing Managers' Index rose to 41.4 in May from a 26-month low of 36.2 in April. But a score below 50.0 indicates contraction in the sector. The pace of reduction was the second-sharpest seen s...
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.