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China: Manufacturing growth remains strong as inflationary pressures ease
The latest PMI® survey data showed a further robust improvement in business conditions in China's manufacturing sector, alongside softer increases in both input and output prices. The headline seasonally adjusted RatingDog China General Manufacturing Purchasing Managers’ Index™ (PMI) – a composite indicator designed to provide a single-figure snapshot of operating conditions in the manufacturing economy – posted above the 50.0 no-change mark for the sixth month running in May despite easing to 51.8 from April's 52.2. The latest reading signalled a softer improvement in manufacturing conditions than the ... (full story)
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