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China manufacturing sector contracts in May

Staff Writer | June 1, 2017
The manufacturing sector in China swung to contraction in May, the latest survey from Caixin revealed on Thursday with a manufacturing PMI score of 49.6.
China exports
Asia   Subdued demand conditions
That missed forecasts for a score of 50.1 and was down from 50.3 in April.

It also falls below the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were slower increases in output and new orders, while staff numbers were trimmed at a faster rate.

Subdued demand conditions underpinned a renewed fall in purchasing activity.


 

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