FOREX TradingCharts.com

Financial News: China Manufacturing Activity Contracts For First Time In

China Manufacturing Activity Contracts For First Time In 8 Months

06/03/2025 - 02:14:00 (RTTNews)

(RTTNews) - China's manufacturing activity contracted for the first time in eight months in May as the rise in US trade tariff damped export orders, survey results from S&P Global showed on Tuesday.

The Caixin manufacturing Purchasing Managers' Index unexpectedly fell to 48.3 in May, down from 50.4 in April. The score was seen at 50.8.

The score fell below the neutral 50.0 mark for the first time in eight months and the reading was the lowest since September 2022.

The official PMI data released over the weekend suggested that the manufacturing activity shrank at a slower pace in May. The factory PMI rose to 49.5 in May from 49.0 in April. Meanwhile, the non-manufacturing PMI dropped marginally to 50.3 from 50.4 in the previous month.

The major cause for the decline was the reduction in new orders, S&P survey showed. Incoming new orders fell at the fastest rate in more than two years. Export orders decreased for the second month in a row and manufacturing output slid for the first time in 19 months.

There was another depletion of backlogged orders in May. Manufacturers scaled back headcounts in May either through redundancies or the non-replacement of job leavers.

The increase in stocks of purchases suggested that there was an adequate level of pre-production inventory holdings. At the same time, stocks of finished goods accumulated for the first time in four months. Meanwhile, supplier lead times lengthened marginally.

Regarding prices, the survey showed that average input costs and output charges continued to fall. Moreover, the rates of reduction accelerated since April.

Finally, sentiment among manufacturers improved in May as firms grew more hopeful that trade conditions can improve and the widening of export markets will help to drive sales in the year ahead.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Eurozone Consumer Confidence Unexpectedly Erodes In June (52 min(s), 49 sec(s) ago)
(RTTNews) - Euro area consumer sentiment deteriorated unexpectedly in June following a strong impr ...Full Story»

Croatia Jobless Rate Eases To 4.1% (18 min(s), 49 sec(s) ago)
(RTTNews) - Unemployment in Croatia dropped further in May amid increases in the labor force as we ...Full Story»

Philly Fed Index Unexpectedly Unchanged In June (15 min(s), 49 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Friday said regional ...Full Story»

French Manufacturing Sentiment Weakens In June (49 sec(s) ago)
(RTTNews) - French manufacturing confidence weakened slightly in June, largely reflecting the dete ...Full Story»

UK Retail Sales Fall Most Since Late 2023; Consumer Confidence Improves (35 min(s), 49 sec(s) ago)
(RTTNews) - UK retail sales declined more than expected in May as food store sales declined sharpl ...Full Story»

Japan Core Inflation Accelerates More Than Forecast (56 min(s), 49 sec(s) ago)
(RTTNews) - Japan's core inflation accelerated more than expected to a more than two-year high ...Full Story»

UK Budget Deficit Widens In May (41 min(s), 11 sec(s) ago)
(RTTNews) - UK public sector net borrowing increased in May despite an increase in government rece ...Full Story»

German Producer Prices Fall Most In 8 Months (01 hr(s), 06 min(s), 11 sec(s) ago)
(RTTNews) - Germany's producer prices declined at the fastest pace in eight months in May, Des ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Eurozone Consumer Confidence Unexpectedly Erodes In June

06/20/2025 - 13:16 PM (RTTNews)
(RTTNews) - Euro area consumer sentiment deteriorated unexpectedly in June following a strong impr ...Full Story>>

Croatia Jobless Rate Eases To 4.1%

06/20/2025 - 12:42 PM (RTTNews)
(RTTNews) - Unemployment in Croatia dropped further in May amid increases in the labor force as we ...Full Story>>

Philly Fed Index Unexpectedly Unchanged In June

06/20/2025 - 08:39 AM (RTTNews)
(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Friday said regional ...Full Story>>

French Manufacturing Sentiment Weakens In June

06/20/2025 - 06:24 AM (RTTNews)
(RTTNews) - French manufacturing confidence weakened slightly in June, largely reflecting the dete ...Full Story>>

UK Retail Sales Fall Most Since Late 2023; Consumer Confidence Improves

06/20/2025 - 05:59 AM (RTTNews)
(RTTNews) - UK retail sales declined more than expected in May as food store sales declined sharpl ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.