China factory activity flat in May as PMI hits 50
The official manufacturing purchasing managers index fell to 50 in May from 50.3 in April, matching economist expectations. Data from the National Bureau of Statistics suggests the sector is facing pressure from weak domestic demand and rising production costs.
Xurve View
Insights:
Xurve View
China factory activity stalled in May as the official manufacturing PMI dropped to 50.0. The reading hit the exact threshold separating growth from contraction, falling from 50.3 in April. Weak domestic demand and rising production costs are neutralizing recent industrial support measures.
