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China official factory PMI rises to 51.9 in May, well above forecasts


  • Economy
  • Thursday, 31 May 2018

The official Purchasing Managers' Index (PMI) released on Thursday rose to 51.9 in May, from 51.4 in April, and remained well above the 50-point mark that separates growth from contraction for the 22nd straight month.

The official Purchasing Managers' Index (PMI) released on Thursday rose to 51.9 in May, from 51.4 in April, and remained well above the 50-point mark that separates growth from contraction for the 22nd straight month.

BEIJING: China's manufacturing sector grew at the fastest pace in eight months in May, easing concerns about a slowdown in the world's second-biggest economy.

The official Purchasing Managers' Index (PMI) released on Thursday rose to 51.9 in May, from 51.4 in April, and remained well above the 50-point mark that separates growth from contraction for the 22nd straight month.

Economy

   

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