China’s official PMI Manufacturing index fell from 50.4 to 49.5 in May, below the expected 50.5, indicating contraction after two months of expansion. The new manufacturing export order subindex also dropped significantly to 47.2 from 50.6 in April, highlighting weakening external demand. PMI Non-Manufacturing index ticked down slightly from 51.2 to 51.1, missing the expectation […]
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