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Chinese PMI hits highest level in a decade in latest sign that the world's 2nd largest economy is surging back

1 month ago   |   By Business Insider

China's Caixin Services PMI hit its highest level in a decade in June as economic activity continues to pick up in the first country hit by coronavirus.
The services PMI came in at 58.4, up from 55 in May.
On Wednesday, the Caixin China manufacturing purchasing managers index rose to 51.2 compared to 50.7 in May.
The services sector accounts for almost 50% of China's GDP, so it is the latest sign the country's economy is recovering from its coronavirus slowdown.
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