POST Online Media Lite Edition



 

China manufacturing PMI remains unchanged in May

Staff writer |
Chinese manufacturing activity growth remain unchanged in May, according to official data.

Article continues below






The National Bureau of Statistics said its China manufacturing purchasing managers' index came in at 50.1 in May, unchanged from the previous month but slightly better than the reading of 50.0 economists were expecting.

A reading above 50 signals an expansion in sector activity while a level below that indicates a contraction.

China's official non-manufacturing PMI fell to 53.1 in May from 53.5 a month earlier.

Separately, the private Caixin China manufacturing PMI dropped to 49.2 in May from 49.4 in April, as expected, marking the 15th consecutive month of contraction. It was the lowest figure since February.


What to read next

China industrial production gains 6.5% in May
Mixed trends in Chinese manufacturing sector in January
Manufacturing PMI in China stays at 50.4