China's Non-Manufacturing PMI Rises to 50.1 in May as Manufacturing Stalls at 50.0
Updated
Updated · Xinhua · May 31
China's Non-Manufacturing PMI Rises to 50.1 in May as Manufacturing Stalls at 50.0
5 articles · Updated · Xinhua · May 31
China's official non-manufacturing PMI rose to 50.1 in May, up 0.7 points from April, signaling a return to expansion in services and construction activity.
The reading moved back above the 50-point mark that separates expansion from contraction, marking a modest improvement in broader domestic activity.
That gain contrasted with manufacturing, where the official PMI held at 50.0 in May after 50.3 in April, pointing to flat factory activity.
The mixed PMI picture suggests services and construction provided some support to the economy even as weak demand and rising costs continued to weigh on manufacturers.
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