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China services PMI for April data coming soon - further slump expected.

Eamonn Sheridan
05/05/2022 | 00:37 GMT

0145 GMT will bring the China Caixin/Markit PMIs Services and Composite for April

  • Services expected 40, prior 42
  • Composite prior 43.9

We had the official PMIs over the weekend, services was ugly indeed:

  • Non-manufacturing 41.9 vs. prior 48.4
  • China PMIs for April 2022 have been published - all are well into contraction
  • All the PMIs released from China on Saturday showed further sharp contraction

In April lockdowns intensified, hence the expected worsening from the March reading.

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