China’s Manufacturing Activity Reachs a 2-Year High in May, Surpassing Forecasts with a Caixin PMI of 51.7
May saw the highest expansion in China’s manufacturing sector in almost two years, according to the Caixin/S&P Global Manufacturing PMI, which increased from 51.4 in April to 51.7 in May, above analysts’ forecasts of 51.5. The 50-point cutoff separates contraction from expansion. This impressive performance is the result of increased orders and excellent output, supported … Read more