Caixin Services PMI at 51.2 as Growth Slows

(Beijing) – China's services sector is still expanding but at a slower rate, according to the Caixin Purchasing Managers' Index for general services business activity, which finished May at 51.2.

The index fell from April's 51.8 and marks the weakest increase for the services sector since February.

Services company employment rose for the second month running in May, although the rate of job creation remained marginal overall. Volumes of unfinished work at these companies rose for the second consecutive month, albeit marginally.