China’s service industry expanded for a fourth consecutive month in April. According to a survey released on Friday

The Caixin/S&P Global service purchasing managers’ index (PMI). Which measures activity on a monthly basis, was 56.4 in April, down from 57.8 the previous month.

China’s economy expanded more quickly than forecast in the 1st quarter as consumers and companies recovered from the cold market caused by stringent COVID limits that were relaxed in December.

Chinese stocks were marginally less strong

Production activity & new orders, including new export orders, increased for the 4th consecutive month in April

The Caixin group explained the increase in activity by a return to more typical operating settings as COVID-19’s effects continued to diminish.

The manufacturing and services component of Caixin/S&P’s composite PMI decreased from 54.5 in March to 53.6 this month.