China Manufacturing PMI Falls Into Contraction

The manufacturing sector in China turned to contraction in May, the National Bureau of Statistics said on Friday with a manufacturing PMI score of 49.4.

That was shy of expectations for 49.9 and down from 50.1 in April. It also fell below the boom-or-bust line of 50 that separates expansion from contraction.

The non-manufacturing PMI came in at 54.3 - unchanged from the previous month and in line with expectations.

The composite index had a score of 53.3, down fractionally from 53.4 a month earlier.

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