An independent gauge of China’s services sector growth rebounded last month from a nearly 12-month low, narrowing the spread with its official counterpart and pointing to greater divergence with the country’s manufacturing sector.
中国服务业增长的一个独立指标上月从近12个月来的低点反弹,收窄了与官方指标之间的差距,同时与中国制造业的表现拉大差距。
The Caixin-Markit services purchasing managers’ index came in at 52.8 in May, up from 51.5 in April and further above to the 50-point mark separating growth from contraction.
5月,财新(Caixin) Markit服务业采购经理人指数(PMI)达到52.8,高于4月的51.5,与50这个荣枯分界线进一步拉开距离。
The rise ended a four-month streak of weakening growth and tightened the Caixin gauge’s spread with an official services PMI sub-index produced by China’s statistics bureau to 0.7, from 1.1 in April.
这一上升结束了连续四个月的增长下滑,并使财新指数与中国国家统计局(NBS)编制的官方服务业PMI指数之间的差距收窄至0.7,小于4月的1.1。
That was in contrast to Caixin’s manufacturing PMI released this week, which fell into contractionary territory with a reading of 49.6. The Caixin gauges focus primarily on smaller and private firms, while those from the National Bureau of Statistics primarily track larger, state-owned enterprises.
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