Tag: PMI

  • China’s Non-manufacturing PMI Up In May

    China’s Non-manufacturing PMI Up In May

    The Purchasing Managers’ Index (PMI) for China’s non-manufacturing sector increased to 47.8 in May, up from 41.9 in April, the National Bureau of Statistics (NBS) said Tuesday. A reading above 50 indicates expansion, while a reading below it reflects contraction. NBS senior statistician Zhao Qinghe said that the domestic COVID-19 infections had steadily declined in…