Caixin China Service Industry PMI in May Rose To Second Highest since December 2020

Published: Jun 5, 2023 16:53

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The Caixin China General Service Industry Business Activity Index (Service Industry PMI) released today in May recorded 57.1, an increase of 0.7 point from April, which is the second highest since December 2020 and only lower than March 2023.

In May, the Caixin China Composite PMI rose by 2.0 point to 55.6, a new high since 2021, indicating that Chinese companies' production and operation activities are accelerating the expansion.

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Commodity Price Bubble Finally Burst, but Metals Demand Will Surge

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SMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV Development

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Macro economy

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