China manufacturing PMI falls to 50 in May as export orders contract

China's official manufacturing PMI slipped to 50.0 in May from 50.3, matching forecasts, as export orders contracted sharply; the non-manufacturing PMI rose to 50.1, beating the 49.5 consensus.

China manufacturing PMI falls to 50 in May as export orders contract. China's official manufacturing PMI slipped to 50.0 in May from 50.3, matching forecasts, as export orders contracted sharply; the non-manufacturing PMI rose to 50.1, beating the 49.5 consensus. Summary: China's NBS Manufacturing PMI fell to 50.0 in May from 50.3 in April, matching the Reuters poll forecast of 50.0, according to the National Bureau of Statistics The result was the lowest reading in three months, per NBS data New export orders declined to 48.6 from 50.3 in April, with analysts at the China Logistics Information Center attributing the drop primarily to contraction in consumer goods exports The raw material purchase price sub-index eased to 60.5 from 63.7 in April but remained well above the 50-point threshold, per NBS data High-tech and equipment manufactu...