China Caixin Services PMI (May) 51.1 (prior 50.7)

China Caixin / S&P PMI for May 2025

Services 51.1

• expected 51.0, prior 50.7
• overall demand and business confidence improved
• foreign demand contracted for the first time this year
• new export business contracted marginally, the first time since December
• job 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 costs
• prices 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 51.1
• 49.6 is the lowest since December 2022

This article was written by Eamonn Sheridan at www.forexlive.com.