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China's manufacturing activity picks up in May
(MENAFN) Official data showed that China's manufacturing business activity continued improving in May, with an important index remaining in expansion territory, QNA reported.
The manufacturing purchasing managers' index (PMI), a key measure of factory activity in China, posted at 50.2 in May, up from 50.1 in April, according to the National Bureau of Statistics (NBS).
The production sub-index posted at 52.9, the highest monthly reading since November. The sub-index for raw material purchase prices remained below the threshold at 49.4, but it has risen notably since January.
The manufacturing purchasing managers' index (PMI), a key measure of factory activity in China, posted at 50.2 in May, up from 50.1 in April, according to the National Bureau of Statistics (NBS).
The production sub-index posted at 52.9, the highest monthly reading since November. The sub-index for raw material purchase prices remained below the threshold at 49.4, but it has risen notably since January.
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