China's service sector activity expands at faster pace in May


Chefs wear protective face masks as they prepare food outside a restaurant following the coronavirus disease (COVID-19) outbreak in Beijing, China May 29, 2020. REUTERS/Thomas Peter

BEIJING: Activity in China's services sector expanded at a faster clip in May as measures to contain the coronavirus outbreak were lifted, official data showed on Sunday, suggesting business and consumer confidence may slowly be improving.

The official non-manufacturing Purchasing Managers' Index (PMI) rose to 53.6 in May, from 53.2 in April, the National Bureau of Statistics said. The 50-point mark separates growth from contraction on a monthly basis.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read