Wrapping up the PMIs from China for last month.

Services 55.1

  • expected 56.2, prior 56.3

Composite 53.8

  • prior 54.7

Falls for both and both still in expansion.

From the report:

  • fall in overseas demand
  • gauge of export orders into contraction
  • rrowth in total new orders slipped
  • services firms increased their staffing levels for the third straight month
  • inflation pressures - input costs rising at a sharper rate in May and reports of more expensive raw materials, energy, staff and transport