China's Private PMI Rises to 51.8 While Official PMI Dips to 50
SPY•SPY•SPY•SPY•China's private manufacturing PMI for May rose to 51.8, beating forecasts of 51.6 but down from April's 52.2. The official manufacturing PMI fell to 50.0 from 50.3, its weakest reading since February and signaling a slowdown at the expansion threshold.
The private survey’s seasonally adjusted manufacturing PMI climbed to 51.8 in May, outpacing the 51.6 consensus and only slightly below April’s 52.2, indicating sustained factory output growth across Chinese factories.
China’s official manufacturing PMI eased to 50.0 from 50.3 in April, marking its lowest level since the 49.0 print in February and highlighting a cooling in industrial expansion at the critical 50-point threshold.
Retail sales growth fell to a 40-month low in April, yet domestic tourism and consumer spending picked up during the extended May 1 holiday, with hotel occupancy highest in smaller cities, underlining uneven demand across sectors.
Wsj
