China Caixin / S&P PMI for May 2025
Services 51.1
expected 51.0, prior 50.7overall demand and business confidence improvedforeign demand contracted for the first time this yearnew export business contracted marginally, the first time since Decemberjob market posted a slight expansion in May, breaking a two-month contraction, with the corresponding gauge hitting a six-month high input costs grew at their quickest pace in seven months due to rising purchasing prices and labor costsprices charged to customers fell for the fourth straight month
Composite 49.6, dragged down by the soft manufacturing PMI (China Caixin May 2025 Manufacturing PMI 48.3 (prior 50.4!))
prior 51.149.6 is the lowest since December 2022
This article was written by Eamonn Sheridan at www.forexlive.com.