China's service sector grew at a faster pace in May as total activity and new business expanded at the fastest rates in three months, survey data from S&P Global showed Wednesday.
The RatingDog services Purchasing Managers' Index rose to 54.4 in May from 52.6 in the previous month.
The score has remained above the 50.0 neutral mark since January 2023, signaling expansion in the service sector.
Demand for services accelerated for the fourth time in five months driven by increased client demand, business innovation and expansion, new client acquisition, improved market conditions and the development of new projects. Higher inflows of export business underpinned rise in total new work.
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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.