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China May manufacturing index at 6-month high
June 1, 2015, 3:38 am

File photo: Containers at the harbor of Ningbo, east China's Zhejiang Province [Xinhua]

File photo: Containers at the harbor of Ningbo, east China’s Zhejiang Province [Xinhua]

China’s manufacturing business activity continued improving in May, with an important index remaining in expansion territory, official data showed on Monday. Growth in the factory sector reached a 6-month high in May.

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 data compiled by the National Bureau of Statistics and the China Federation of Logistics and Purchasing.

The non-manufacturing Purchasing Managers’ Index (PMI) edged down to 53.2, from April’s 53.4, the NBS said.

A reading above 50 indicates expansion, while a reading below 50 represents contraction.

The Chinese government is expecting the economy to grow 7 per cent this year.

Source: Agencies