China’s official PMI for May is out the L-shaped recovery is booming at 50.1 points:
—————— Main Index —————–
Manufacturing PMI 50.1 50.1 50.2 49.0 49.4 49.7 49.6
Output 52.3 52.2 52.3 50.2 51.4 52.2 51.9
New Orders 50.7 51.0 51.4 48.6 49.5 50.2 49.8
Inventories of Raw Materials 47.6 47.4 48.2 48.0 46.8 47.6 47.1
Employment 48.2 47.8 48.1 47.6 47.8 47.4 47.6
Suppliers’ Delivery Times 50.4 50.1 51.3 49.8 50.5 50.7 50.6
Here’s the charts: