China’s May Factory PMI Flat at 50 as Demand Softens
New orders fell to 49.9 and production eased to 51.2, underscoring weak domestic demand as exporters offset some of the slowdown.
- The National Bureau of Statistics reported China's official manufacturing PMI moderated to 50 from 50.3 in May, signaling flat factory activity as demand softens across the economy.
- Amid the ongoing Iran war, China remains relatively shielded from global energy shocks due to robust energy security, unlike many nations facing inflationary pressures near the Strait of Hormuz.
- Domestic demand remains sluggish following a property sector slump, while the new orders sub-index dropped to 49.9 from 50.6 and raw material stockpiles fell to 48.6 from 49.3.
- Chief China Economist Robin Xing of Morgan Stanley noted high-end manufacturing and exports are holding the line, supporting China's likelihood of meeting its 2026 growth target of around 5%.
- Following the mid-May summit in Beijing, President Donald Trump and Jinping agreed to set up separate boards of trade and investment, raising hopes for U.S. export recovery despite year-on-year declines.
33 Articles
33 Articles
Chinese factory activity flattens as analysts wonder about true damage from Iran War
China’s factory activity was flat in May, according to an official survey released Sunday, raising questions about how much further the country’s economy can shield itself from the fallout of the ongoing Iran war and pressure on demand. The official manufacturing purchasing managers index moderated to 50 from 50.3 in April, according to the National Bureau of Statistics. Measured on a scale between 0 and 100, a PMI reading above 50 indicates exp…
China's industrial activity stood in May at the threshold between expansion and contraction, after losing dynamism in relation to the previous month, but non-industrial sector returned to positive ground.
Associated Press News
China’s factory activity slows in May, raising questions over its economy
China has reported that its manufacturing activity has slowed in May. An official survey released by the National Bureau of Statistics said Sunday that the manufacturing purchasing managers index moderated to 50 from 50.3 in April.
Coverage Details
Bias Distribution
- 42% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
