Updated
Updated · Bloomberg · May 6
China services PMI rises to 52.6 in April
Updated
Updated · Bloomberg · May 6

China services PMI rises to 52.6 in April

14 articles · Updated · Bloomberg · May 6
  • The private RatingDog survey showed the index climbed from 52.1 in March, beating the 52 median forecast from economists surveyed by Bloomberg.
  • The reading signalled faster expansion in services activity and suggested firms were absorbing higher input costs rather than passing them on to customers.
  • The data points to resilience in China’s services sector even as price shocks from the Iran war continue to ripple through the wider economy.
Is China's services boom a sign of resilience or a fragile bubble about to pop from global shocks?
Can China's service sector truly absorb war-driven inflation, or is a consumer price crisis inevitable?
Caught between its Iranian ally and US forces, how will Beijing secure its vital oil supply?