The privately surveyed PMIs from China for April 2023.

Caixin / S&P Global Services PMI 56.4

  • vs. expected 57.3 and previously at 57.8

Composite 53.6

  • vs. previously at 54.5
china S&P Global services pmi April 2023

The report highlights these Key findings:

  • Slower but still sharp increases in activity and new work
  • Input cost inflation quickens to one-year high
  • Employment growth moderates, backlogs continue to build