Press "Enter" to skip to content

China’s factory activity expanded at slower pace in May, gauge for raw material prices hit highest in ten years

China’s factory activity expanded at a slightly slower-than-expected pace in May, as surging raw material prices weighed on industrial production.

The official manufacturing purchasing managers’ indices (PMI) fell to 51.0 in May from 51.1 in April, according to the National Bureau of Statistics (NBS). The result was marginally below expected. A reading above 50 indicating expansion in the sector's activities, while a reading below the mark represents contraction.

To continue reading, please subscribe and you will get:


  • THE WIRE - An all-in-one platform with up-to-the-minute updates of market-moving news and views sources via a network of journalists, traders, brokers, analysts, etc. and from multiple credible news outlets in mainland China. We The Wire 24/7, we walk you through every trading day in mainland China and Hong Kong.
  • DETAILS - General information is everywhere, but information with details is rare.
  • WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.

FREE TRIAL cancel anytime

Already have an account? Sign In