China's May Caixin Manufacturing PMI at 52.0...Slight Increase from Previous Month
[Asia Economy Reporter Kim Suhwan] Chinese economic media Caixin reported on the 1st that China's manufacturing Purchasing Managers' Index (PMI) for May was recorded at 52.0.
This is a slight increase from the previous month's 51.9 and higher than the forecasted 51.9.
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The PMI index, which indicates manufacturing business trends, signifies economic expansion when it exceeds the baseline of 50, and economic contraction when it does not. The PMI is calculated based on corporate surveys regarding new orders, shipments, inventory levels, and more.
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