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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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.