test

Member ID:
Password:
Stay logged in for 30 days
Pls change your password according to new rules.
close

login CCFGroup App

Economy | Time: May 5 2022 1:55PM  Editor:Monica Jiang
China Caixin services PMI drops to lowest since Mar 2020
 
Text size

China's services sector activity contracted at the second-steepest rate on record in April, as tighter COVID curbs halted the industry, leading to sharper reductions in new business and employment, a private-sector survey showed on Thursday.

The Caixin services purchasing managers' index (PMI) fell to 36.2 in April, the second-lowest since the survey begun in November 2005 and down from 42 in March. The index hit 26.5 in February 2020 during the onset of the pandemic, representing the biggest contraction in activity on record.

The 50-point mark separates growth from contraction on a monthly basis.


Source: Reuters

Related Articles
China's private enterprises quadruple in last 10 years
China's industrial profits up 1 pct in first five months
Experts see foreign capital rising in China
China's FDI inflow up 17.3% in first five months
China's SMEs Development Index posts slower decline in May
China's CPI up 2.1% in May
Shanghai is one step closer to full return
China's service trade shows robust growth
More targeted policies in pipeline to boost growth
Trade agreement to aid economic growth
 
Research
PET bottle chip industry development under the epidemic
China's MEG market outlook-H2 2022
PX price spikes - How does PX turn the tide
PTA struggle for direction under rising cost and weak demand
PSF industry development amid ups and downs
Polyester demand forecast in H2 2022
 
 

娴欏叕缃戝畨澶33010902000742鍙