FX.co ★ China Services Activity Hits 3-Month High

The RatingDog China General Services PMI rose to 54.4 in May 2026 from 52.6 in April, beating market expectations of 52.3. This was the fastest expansion in the services sector since February, driven by the strongest increase in new orders in three months and a rebound in export orders after slight declines in the previous two months.

Employment grew for the first time in four months, with the pace of job creation surpassing that seen in January. Looking ahead, business confidence climbed to a three-month high, underpinned by improving market conditions, a more optimistic economic outlook, ongoing business development efforts, stronger client demand, and the launch of new projects and business lines.