Tuesday , June 15 2021
Home / South China Morning Post / China’s services industry under pressure from ‘enormous’ inflation pressure, weak overseas demand

China’s services industry under pressure from ‘enormous’ inflation pressure, weak overseas demand

Summary:
[unable to retrieve full-text content]China’s services sector expansion slowed in May, a private sector survey showed on Thursday, with weaker overseas demand and increased costs putting pressure on businesses.The Caixin/Markit services purchasing managers’ index (PMI) fell to 55.1 in May, down from 56.3 in April but still well in expansionary territory. The 50-mark separates growth from contraction on a monthly basis.The survey attributed part of the slowing expansion to a fall in overseas demand as coronavirus cases abroad hurt…

Topics:
Reuters considers the following as important:

This could be interesting, too:

Tyler Durden writes Stanford Study: Most Mass Shooters Have Undiagnosed Psychiatric Illnesses

Tyler Durden writes Texas Electricity Prices Explode With Power Grid On Verge Of Another Meltdown

Tyler Durden writes Greenwald: The Enduring False Narrative About The PULSE Massacre Shows The Power Of Media Propaganda

Tyler Durden writes Goldman: Imagine You Were Stuck On A Deserted Island For The Past Couple Of Years

[unable to retrieve full-text content]
China’s services sector expansion slowed in May, a private sector survey showed on Thursday, with weaker overseas demand and increased costs putting pressure on businesses.The Caixin/Markit services purchasing managers’ index (PMI) fell to 55.1 in May, down from 56.3 in April but still well in expansionary territory. The 50-mark separates growth from contraction on a monthly basis.The survey attributed part of the slowing expansion to a fall in overseas demand as coronavirus cases abroad hurt…
About Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.