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China's Services Activity Rebounds in May

MT Newswires Live07:26

Services activity in China recovered in May, with the official non-purchasing managers' index rising to 50.1 from 49.4 in April, according to data from the National Bureau of Statistics on Sunday.

The latest reading in the index, which measures activity in the services and construction sectors, is higher than the 49.5 consensus estimate on Investing.com.

Overall private-sector activity in China improved in May, with the composite PMI increasing to 50.5 from 50.1 the previous month.

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