Caixin China manufacturing PMI stable at 50.2 in May

Tuesday, 04 June 2019 10:37:59 (GMT+3)   |   Shanghai
       

In May, the China Caixin Manufacturing Purchasing Managers Index (PMI) indicated a final reading of 50.2, remaining stable compared to the final reading for April, as announced by Beijing-based Caixin media group. 

Zhong Zhengsheng, chief economist with China Economic and Business Monitor (CEBM), part of Caixin Insight Group, pointed out that the demand from local market and overseas market has been good, and the inventory level on enterprises’ side has been at low levels. However, entrepreneurs’ confidence towards prospect for the future market has turned slack due to the trade conflict between the US and China. Zhong Zhengsheng advised China to promote vigorous reform and timely regulation, to ensure market participants’ confidence.

Meanwhile, as announced by China's National Bureau of Statistics (NBS), the purchasing managers' index (PMI) for China’s manufacturing sector was at 49.4 percent in May, down 0.7 percentage point compared to the previous month.


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