China official PMIs for May: Manufacturing 50.6 (expected 51.1), Services 53.6 (expected 53.5)

Purchasing managers’ index (PMI) data for May from China’s National Bureau of Statistics (NBS). Manufacturing PMI 50.6 expected 51.1, prior 50.8 Non-manufacturing 53.6 expected 53.5, prior 53.2 Composite 53.4 prior 53.4 Expansion for the manufacturing sector continued in May, although by a smaller margin than in April. Just over 80% of manufacturing business has now […]

Continue Reading