5月财新中国服务业PMI大幅回升至55
来源：财新网
制造业、服务业景气度双双回升，带动财新中国综合PMI升至54.5，为2011年2月以来最高；服务业需求恢复强于制造业，但仍不能完全抵消疫情的负面影响。
随着新冠疫情防控措施放宽，5月中国服务业经营活动大幅改善。
6月3日公布的5月财新中国通用服务业经营活动指数（服务业PMI）录得55，较4月提高10.6个百分点，2月以来首次处于扩张区间，为2010年11月以来最高。
此前公布的5月财新中国制造业PMI提高1.3个百分点至50.7，重回扩张区间。两大行业PMI双双回升，带动5月财新中国综合PMI大幅提升6.9个百分点至54.5，为2月以来的首次扩张，也是2011年2月以来的最高值。
财新中国服务业和综合PMI走势与统计局并不完全相同，统计局公布的5月服务业商务活动指数为52.3，回升0.2个百分点；综合PMI持平于53.4。
5月服务业新订单指数自2月以来重回扩张区间，主要由内需回升带动，为2010年10月以来最高值；新出口订单指数虽降幅放缓，但仍处于收缩区间。受外需疲弱拖累，制造业新订单指数在收缩区间仅小幅回升。综合看，新订单总量出现2月以来的首次增长，综合新出口订单总量降幅收窄。
受产能过剩和企业提升效率影响，5月服务业企业继续压缩用工，但降幅为2月以来最低。制造业就业指数也在收缩区间小幅回升。综合来看，两大行业企业继续减少用工，但降幅放缓。
因复工后经营恢复正常，服务业企业积压业务量连续第三个月下降，但降幅轻微。制造业企业积压工作量出现自2016年2月以来的首次下降，带动综合积压工作量自2019年6月以来首次下降。
5月服务业投入品价格与4月基本持平，部分企业反映，企业复工导致用工等成本上升，也有部分企业称加大支出削减力度。制造业原材料购进价格在收缩区间小幅回升。二者综合，综合投入成本连续第二个月轻微下降。
为刺激销售，服务业企业继续下调收费价格；制造商基本维持产品售价不变，导致综合产出价格继续下降。
服务业乐观度虽略低于4月，但仅在扩张区间微降，业界普遍预期，疫情好转后市场需求会改善。制造业乐观度则在扩张区间攀升。
财新智库高级经济学家王喆表示，5月制造业和服务业生产均大幅扩张。服务业从疫情中加速恢复，需求恢复强于制造业。供需两侧的环比改善仍不能完全抵消疫情的负面影响，经济恢复到常态化尚需时日。
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