China's Caixin PMI in May improves for 1st time since February
2023-06-02 00:17:51 source：CGTN
June 1, 2023
China's manufacturing industry signaled resilience as activity grew in May, with Caixin's purchasing manager's index (PMI) recording 50.9 for the month, up 1.4 percentage points over the previous month.
The snapshot indicator of operating conditions in the manufacturing sector rebounded to above the 50-point level separating expansion and contraction in May for the first time since February.
In a further breakdown of the data, a Caixin report summarizing the data said the production index rose to the highest since July 2022, while the subindex for total new orders rose to the second-highest reading in two years.
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https://news.cgtn.com/news/2023-06-01/China-s-Caixin-PMI-in-May-expands-for-the-1st-time-in-2-months--1khlrzv0Kek/index.html