Published: 14:38, June 5, 2023 | Updated: 14:48, June 5, 2023
China's services activity expands in May
By China Daily

Diners enjoy food at a restaurant in a shopping mall in New Century Square, Handan, Hebei province, on Jan 24. (PHOTO by HU GAOLEI/FOR CHINA DAILY)

China's services activity recorded momentum in May, a private survey showed on Monday.

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The Caixin China General Services Purchasing Managers' Index went up to 57.1 in May from the 56.4 in April, and is a level higher than the official figures released last week. The 50-point mark separates expansion from contraction in activity.

The private survey found that service companies reported a rise in new business in May mainly pushed by the May Day holiday

The private survey found that service companies reported a rise in new business in May mainly pushed by the May Day holiday.

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The Caixin's composite PMI, which includes both manufacturing and services activities, picked up to 55.6 from 53.6 in April. 

zhangyue@chinadaily.com.cn