FINWIRES · TerminalLIVE
FINWIRES

RatingDog China Composite PMI Rises to Three-Month High in May; Services PMI Jumps

By

Business activity in China expanded at the fastest pace in three months in May, according to Wednesday's data from S&P Global and RatingDog.

The RatingDog China Composite Purchasing Managers' Index came in at 54, compared with 53.1 in the previous month, marking the fastest growth in output since February.

Meanwhile, the headline RatingDog China General Services Business Activity Index was 54.4, up from 52.6 previously and above the Investing.com consensus estimate of 52.3.

The reading marked the strongest increase in services activity in three months as growth in business activity and new orders continued to accelerate.

Related Articles

International

Australia's GDP Up 0.3% in March Quarter Versus 0.9% Growth in December 2025 Quarter, 0.3% Rise in March 2025 Quarter

$^AXJO
International

Australian Industry Index Remains Weak in May Due to Energy Crisis, Australian Industry Group Says

The Australian Industry Index remained weak in May largely due to the energy crisis, with the index down 1 point to -26.5 in seasonally adjusted terms, according to a report released by the Australian Industry Group on Wednesday.The energy crisis weighed heavily on new orders, declining 6.3 points to -34.6, with firms reporting delays in investments and looming uncertainty in the future path of energy markets.Input prices remained high at 63.1, but showed slight easing in May with a 6.4 point decline, while weaker sales price growth at 18.3 indicated limited pricing power.Additionally, wage growth increased by 6 points to 43.6, contributing to ongoing labor cost pressures.Metals manufacturing increased in response to supply disruptions, while other sectors faced weak conditions.Meanwhile, business services, which was previously less impacted by the energy crisis, experienced a downturn by 12 points in May, to be deeper in contraction at -33.3, its lowest result since February 2025.The Australian PMI was in contraction at -22.4, while the Australian PCI continued to rebound momentum in May, rising 9 points to -9.9.

$^AXJO
International

Japan's Private Sector Activity Slows in May, Final PMI Shows

Japanese private sector activity slowed in May, with a stagnation in the services sector, S&P Global showed Wednesday.The seasonally adjusted S&P Global Japan Composite PMI Output Index slipped to 51.1, compared with 52.2 from the previous month, and was in line with the flash estimate issued on May 21.The latest print also met the consensus estimate, according to Investing.com.Meanwhile, the services PMI slipped to a neutral reading of 50.0 in May, compared with 51.0 in April. It was in line with the consensus forecast of 50.0.On the manufacturing side, the PMI stood at 54.5, lower than the previous month's 51-month high of 55.1, and the consensus estimate of 54.5.

$^N225