World Business NewsA round up of the latest news for those doing business internationally
HSBC China Manufacturing PMI™
Zone(s): China ¦ Sector(s): Economy (Manufacturing)
- Contraction of output eases to marginal pace
- Total new orders stabilise as new export order growth hits 49-month high
- Companies continue to cut staff numbers
Latest data signalled that operating conditions in China’s manufacturing sector deteriorated only marginally in May. Output contracted at a fractional pace, while new orders stabilised after a three month sequence of decline.
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