China Caixin Services PMI for April 2025 is 50.7 (expected 51.7) | Forexlive

China Caixin Services PMI for April 2025:

Services PMI 50.7, slowest since September 2024

• expected 51.7, prior 51.9

Composite 51.1

Commentary/analysis, summarised from the report:

• Growth in business activity and new orders slowed, with the latter rising at its weakest pace since December 2022.

• Employment contracted for the second month, as firms cut staff to manage costs, leading to higher backlogs.

• Input costs rose, driven by wages and raw materials, while prices charged fell for the third month, amid weak demand and competition.

• Market optimism dropped sharply, with future expectations falling to the second-lowest on record, reflecting concerns over U.S. tariffs.

• Foreign tourism provided some support to export orders, but overall demand remained subdued.