China's non-manufacturing gauge rose in May but remained soft

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Source: Dukascopy
China's non-manufacturing sector grew at the fastest pace in the last 19 months in May. HSBC's China services Purchasing Managers' Index advanced to 54.7 in May on a seasonally adjusted basis as compared to April's reading of 54.1. However, the figure is still below long-term trend of 56.7, according to HSBC.


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