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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: China's services sector growth hits three-month high in May, demand improves

China

China's services sector expanded at its fastest pace in three months in May, supported by stronger domestic demand and a recovery in overseas business, according to a private-sector survey released on Wednesday, as per a report by Reuters.

The RatingDog China General Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 54.4 in May from 52.6 in April. The reading remained comfortably above the 50-point threshold that separates expansion from contraction, signaling continued growth in the country's services economy.

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