China’s manufacturing sector shows signs of cooling in May, according to official data cited by multiple outlets. The official manufacturing purchasing managers index (PMI) released by China’s National Bureau of Statistics eases to 50 from 50.3 in April, indicating only marginal growth. Sources note that the PMI uses a 0-to-100 scale, where readings above 50 typically signal expansion and below 50 contraction. While the headline figure remains at around the midpoint, underlying components also weaken. One report says the new orders sub-index falls to 49.9 from 50.6 in April, moving just below the expansion threshold. The production sub-index edges down slightly to 51.2 from April, suggesting slower momentum on the factory floor. Several articles describe the data as raising questions about the broader economy’s ability to maintain resilience amid external pressures and uncertainty affecting demand. Overall, the reporting converges on a picture of a manufacturing slowdown rather than a sharp contraction, with growth continuing but at a reduced pace.
China’s May factory activity slows as manufacturing PMI edges down
China’s manufacturing sector shows signs of cooling in May, according to official data cited by multiple outlets. The official manufacturing purchasing managers index (PMI) released by China’s Nationa...
- China’s official manufacturing purchasing managers index (PMI) falls to 50 in May from 50.3 in April.
- The PMI indicates marginal factory expansion, with 50 as the dividing line between expansion and contraction.
- The new orders sub-index drops to 49.9 from 50.6 in April, dipping below 50.
- The production sub-index edges down to 51.2 from April’s level.
- The slowdown in factory activity is reported as increasing uncertainty about economic resilience amid weaker demand conditions.
China’s factory activity was flat in May, according to an official survey released yesterday, raising questions about how much further the country’s economy can shield itself from the fallout of the ongoing Iran war and pressure on demand. The official manufacturing purchasing managers index moderated to 50 from 50.3 in April, according to the National Bureau of Statistics. Measured on a scale between 0 and 100, a PMI reading above 50 indicates expansion, while a reading below 50 reflects contraction. The new orders sub-index dropped to 49.9 from 50.6 in April, while the sub-index on production edged down to 51.2 […] The post China’s factory activity slows in May, raising questions over its economy appeared first on MACAU DAILY TIMES 澳門每日時報.
2 months agoThe official manufacturing purchasing managers index moderated to 50 from 50.3 in April, according to the National Bureau of Statistic
2 months agoChina has reported that its manufacturing activity has slowed in May
2 months agoChina has reported that its manufacturing activity has slowed in May
2 months ago
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