Global Economic News

China Services PMI Slides To 50.7 In May- HSBC

Activity in China's services sectors continued to expand in May, albeit at a slower pace, the latest survey from HSBC and Markit Economics revealed on Thursday.

The services PMI saw a score of 50.7 last month, the bank said - down from 51.4 in April.

The composite PMI climbed into expansion at 50.2 in May - up from the revised 49.5 in April (originally 49.4).

A reading above 50 signals expansion in a sector, while a score below means contraction.

by RTTNews Staff Writer

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