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Services PMI hits four-month high in May

By Xin Zhiming | chinadaily.com.cn | Updated: 2018-06-05 10:42
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A waitress serves fish at a restaurant in Suzhou, East China's Jiangsu province. [Photo provided to China Daily]

The Caixin services Purchasing Managers' Index reached a four-month high of 52.9 in May, indicating stable economy and strong corporate confidence in the world's second-largest economy.

The composite PMI compiled by Caixin Media stood at 52.3 in May, unchanged from in April.

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