Blokland’s daily sketch

Blokland’s daily sketch


China’s services PMI highest in almost 10 years

  • Jeroen Blokland
    Portfolio Manager

The Caixin China Services PMI rose sharply in May, comfortably beating expectations. At 55.0, the services PMI reached its highest level in almost ten years. Obviously this is positive news in general, but the fact that the services sector – for which lockdowns and other Covid-19 related measures could have a longer-lasting impact – is recovering so well is especially encouraging. If China remains a blueprint for how economies can get out of this crisis, then better times are ahead for other parts of the world as well.

Now also follow us on Instagram
Now also follow us on Instagram

As a senior portfolio manager I use charts to illustrate financial issues every day. I tweet my favorites as @jsblokland and was named 'one of the 50 most important people for investors to follow in 2018' by MarketWatch.
Previous editions of the daily sketch can be found on my personal financial markets blog. All graphics provided are collected from Bloomberg data and public websites. They do not always reflect my personal opinion and may also not necessarily reflect the opinion of Robeco. Please cite all references or quote the original source if replicating content.

Subjects related to this article are:


Neither information nor any opinion expressed on the website constitutes a solicitation, an offer or a recommendation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or service. An investment in a Robeco product should only be made after reading the related legal documents such as management regulations, prospectuses, annual and semi-annual reports, which can be all be obtained free of charge at this website and at the Robeco offices in each country where Robeco has a presence.

Please confirm that you are a professional investor and/or institutional investor and that you have read, understood and accept the terms of use for this website.

I Disagree