China's small and medium-sized enterprises development index for May reached 89.2, down 0.2 points from the previous month - Chinese media

According to the China Association of Small and Medium Enterprises announced on the 11th, the Small and Medium Enterprise Development Index for May was 89.2, down 0.2 points from the previous month, up from 88.9 in the same month last year.
By industry, the real estate and social services indices both increased by 0.1 percentage points from the previous month. In the real estate industry, the orders, sales, and loans indices improved slightly.
In the service sector, orders, sales, funds, labor, and profits indices all increased. Meanwhile, in the manufacturing, construction, transportation, wholesale and retail, information and communications, computer services, and software industries, the indices increased.
The index for both the retail and accommodation and food service industries has declined slightly, indicating that the recovery foundations for the industries are still not strong.
The regional SME development indexes all declined from the previous month. The Eastern region was down 0.
The index fell 1 point to 90, in the Chubu region it was down 0.1 to 90.1, in the West it was down 0.1 to 88, and in the Tohoku region it was down 0.2 to 80.7. The association expects a recovery in the small and medium-sized business market, but it is also seeing a slowdown in demand and the
He said that problems such as rising prices and overdue accounts receivable continue to plague small and medium-sized enterprises, and that measures to resolve these issues in the future are necessary for the development of small and medium-sized enterprises.