[3 June 2014, Markit Economics] Statistics for HSBC China Manufacturing PMI™ signal marginal deterioration of business conditions in May.

Key points:

• 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

Summary
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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www.markiteconomics.com/Survey/PressRelease.mvc/57b7604739e14658a53ec5462db5cb36