China’s Caixin survey of service industries surprised analysts with a strong expansionary reading of 55 in May, against a consensus expectation of 47. Of the purchasing managers polled by Caixin, that is, 55% saw higher business volume during the month. Similar surveys of service industries in the other major economies continue to show contraction. Caixin’s […]
Tag: service sector
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US service sector activity gauges paint muddy picture of US economy
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