The decline in the composite index was due to a weaker service sector, which dropped sharply from 54.5 in April to 52.7 in May, while the manufacturing index remained stable in May at 50.2. Photo: EPA
The decline in the composite index was due to a weaker service sector, which dropped sharply from 54.5 in April to 52.7 in May, while the manufacturing index remained stable in May at 50.2. Photo: EPA
China economy
Economy /  China Economy

China business outlook drops to lowest level on record amid US trade war, May’s Caixin PMI report shows

  • ‘Subdued expectations’ among manufacturing and service-sector companies for the year ahead, according to latest Caixin Purchasing Managers’ Index
  • Combined index on current conditions also fell from 52.7 in April to 51.5 in May led by drop in the service sector, while manufacturing remained stable

Sidney Leng
Sidney Leng

Updated: 1:45pm, 5 Jun, 2019

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The decline in the composite index was due to a weaker service sector, which dropped sharply from 54.5 in April to 52.7 in May, while the manufacturing index remained stable in May at 50.2. Photo: EPA
The decline in the composite index was due to a weaker service sector, which dropped sharply from 54.5 in April to 52.7 in May, while the manufacturing index remained stable in May at 50.2. Photo: EPA
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