China factory activity stalls in May as demand weakens
Source: Reuters
China's factory activity came in flat in May, an official survey showed on Sunday, as the manufacturing sector was under pressure from weak domestic demand and higher production costs.
The official manufacturing purchasing managers' index (PMI) dropped to 50 from 50.3 in April, straddling the 50-mark separating growth from contraction, according to a survey by the National Bureau of Statistics (NBS). Economists polled by Reuters had forecast a reading of 50.
Supply improved while demand weakened, as the sub-indexes for production and new orders came in at 51.2 and 49.9 in the manufacturing PMI survey. The sub-index for raw material stockpiles was 48.6.
The PMI survey results add to slowdown concerns, after data released earlier this month showed that growth momentum cooled in April despite a rebound in exports.
Read more: https://www.reuters.com/world/china/china-factory-activity-stalls-may-demand-weakens-2026-05-31/
By Reuters
May 30, 20269:59 PM EDT
Updated 30 mins ago
BEIJING, May 31 (Reuters)