03.06.202601:45:00UTC+00China’s Services Sector Momentum Builds as May PMI Climbs to 54.4

China’s services industry extended its expansion in May, with the RatingDog Services PMI rising to 54.4, up from 52.6 in April 2026. The latest reading, updated on 3 June 2026, signals a strengthening pace of growth in the country’s services sector.

The move from 52.6 to 54.4 suggests that activity in areas such as consumer services, finance, transport, and business services continued to accelerate through late spring. A PMI reading above 50 indicates expansion, and the further increase in May points to growing demand and improving conditions for service providers.

The sustained improvement over consecutive months may reassure observers watching for signs of resilience in China’s domestically driven sectors, as services play a growing role in balancing the broader economic landscape.