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- Official data: Chinese manufacturing PMI remains unchanged at 50.1 in May
Official data: Chinese manufacturing PMI remains unchanged at 50.1 in May
The Chinese manufacturing PMI remained unchanged at 50.1 in May, according to the Chinese government. Analysts had expected the index to decrease to 50.0.
A reading above the 50 mark indicates expansion, a reading below 50 indicates contraction.
The production sub-index increased to 52.3 in May from 52.2 in April, the new orders sub-index was down to 50.7 from 51, and the new exports sub-index fell to 50 from 50.1, while the employment sub-index increased to 48.2 from 47.8.
The services PMI decreased to 53.1 in May from 53.5 in April.
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