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.
