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Financial News: China Manufacturing Sector Contracts In May - Caixin

China Manufacturing Sector Contracts In May - Caixin

05/31/2017 - 21:55:00 (RTTNews)

(RTTNews) - The manufacturing sector in China swung to contraction in May, the latest survey from Caixin revealed on Thursday with a manufacturing PMI score of 49.6.

That missed forecasts for a score of 50.1 and was down from 50.3 in April.

It also falls below the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were slower increases in output and new orders, while staff numbers were trimmed at a faster rate.

Subdued demand conditions underpinned a renewed fall in purchasing activity.

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