China manufacturing sector contracts in MayStaff 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.
Asia Subdued demand conditions
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. ■