China HSBC PMI at 4-month high


The final reading of the HSBC/Markit purchasing managers' index (PMI) for China in May rose to 49.4, lower than a preliminary reading of 49.7 but up from 48.1 in April - AFP Photo.

BEIJING: China's factory sector turned in its best performance in four months in May as export orders improved although activity still contracted, a private survey showed on Tuesday, adding to signs the economy may be stabilising.

The final reading of the HSBC/Markit purchasing managers' index (PMI) for May rose to 49.4, lower than a preliminary reading of 49.7 but up from 48.1 in April.

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China , PMI , factory sector , 4-month high

   

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