Xinhua
31 May 2026, 11:15 GMT+10
BEIJING, May 31 (Xinhua) -- The purchasing managers' index (PMI) for China's manufacturing sector stood at 50 in May 2026, down 0.3 percentage points from the previous month, official data showed on Sunday.
A reading above 50 indicates expansion, while a reading below 50 reflects contraction.
This sector saw sustained expansion in manufacturing output and a softening in market demand in May. The production sub-index came in at 51.2, while the new orders index stood at 49.9, according to data jointly released by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing.
The development momentum of new growth drivers continued to improve in May, said Huo Lihui, a chief statistician at the NBS, explaining that the PMI for high-tech manufacturing and equipment manufacturing stood at 52.9 percent and 52.1 percent, respectively, up 0.7 and 0.3 percentage points from the previous month.
The PMI for high-tech manufacturing, notably, has remained in the expansion zone for 16 consecutive months, with related sectors maintaining sound growth momentum, and the leading role of new growth drivers continuing to emerge, Huo said.
Huo noted that the PMI for large enterprises was at 51.1 percent in May, an increase of 0.9 percentage points from April, and has remained in the expansion zone since the beginning of this year.
Get a daily dose of Japan Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Japan Herald.
More InformationBEIJING, China: Shi Yongxin, the former abbot of China's Shaolin Temple, was sentenced to 24 years in prison for crimes such as embezzlement...
LONDON, UK: Chinese online retailer Temu has been fined 200 million euros (US$232 million) by the European Union after regulators found...
ZURICH/HONG KONG: Hong Kong has surpassed Switzerland to become the world's largest center for cross-border wealth management, driven...
BEIJING, China: An early investigation into China's worst mining disaster in more than 15 years has found hidden tunnels, missing...
SEOUL, South Korea: South Korean chipmaker SK Hynix crossed the US$1 trillion market value mark for the first time on May 27, joining...
BEIJING, May 31 (Xinhua) -- The purchasing managers' index (PMI) for China's manufacturing sector stood at 50 in May 2026, down 0.3...
PARIS, France: France will begin reimbursing weight-loss medications for severely obese patients from mid-June, becoming the first...
LONDON, UK: Chinese online retailer Temu has been fined 200 million euros (US$232 million) by the European Union after regulators found...
LAS VEGAS, Nevada: Caesars Entertainment, one of the most recognizable names on the Las Vegas Strip, is being acquired by Fertitta...
NEW YORK, New York - U.S. stocks rallied to fresh all-time highs on Friday, capping a winning week with broad-based gains as the Dow...
WASHINGTON, D.C.: The U.S. Postal Service has signed a multi-year agreement with DHL eCommerce for last-mile parcel delivery services...
UPPSALA, Sweden: Ukraine's President Volodymyr Zelenskyy and Sweden's Prime Minister Ulf Kristersson said that Ukraine will buy 20...
