China's manufacturing activity for May expands at fastest pace in nearly two years to 51.7

seekingalpha06-03

A private survey showed that Chinese manufacturing activity expanded at the fastest pace in nearly two years in May, contradicting official data released last week pointing to a surprise contraction. ...

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The Caixin China General Manufacturing PMI rose to 51.7 in May 2024 from 51.4 in April, surpassing estimates of 51.5, marking the seventh straight month of expansion in factory activity and the fastest pace since June 2022, as output grew the most in 23 months amid rising new orders. New export orders, however, expanded at a much softer than April's 41-month high due to a lackluster global economy.  Meanwhile, employment declined for the ninth consecutive month, albeit at a softer rate, while backlogs of work rose for the third month in a row and at the fastest pace since September 2021 amid rising new work inflows.  ETFs: (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG), (CXSE), (CAF), (CWEB), (PGJ), (KURE), (CHIX). Currency: (CNY:USD) More on China  PBOC keeps loan prime rates steady, as expected China's consumer prices rise for third month; producer prices drop more than expected China trade surplus smaller than expected as exports grow much less than imports China's Q1 GDP expands 5.3% Y/Y, beats expectations China's inflation rate rises at a slower pace than expected","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2440372824"}