NBS: China’s manufacturing PMI up slightly to 50.2% in May
The purchasing managers’ index (PMI) for China’s manufacturing sector was at 50.2 percent in May of the current year, up slightly by 0.1 percentage point compared to April, as announced by China’s National Bureau of Statistics (NBS) on June 1.
In the given month, the production index for China’s manufacturing sector was up 0.3 percentage points month on month to 52.9 percent, while the overall new order index for the sector increased by 0.4 percentage points compared to the previous month to 50.6 percent.
In May, the new export order index for the Chinese manufacturing sector increased by 0.8 percentage points month on month to 48.9 percent.
The raw material inventory index for China’s manufacturing sector was at 48.2 percent in May, remaining unchanged compared to the previous month.
Also in May, the employment index for China’s manufacturing sector stood at 48.2 percent, up 0.2 percentage points, while the supplier delivery time index for the sector in question was at 50.9 percent, up 0.5 percentage points, both month on month.