China PMIs keep on keeping on

Thursday, 31 May 2018

From China stats comes the May PMI:

In May 2018 , China’s Manufacturing Purchasing Managers’ Index ( PMI ) was 51.9% , which was 0.5 % higher than the previous month , and the overall expansion of the manufacturing industry accelerated.

In terms of business scale, the PMIs of large and medium-sized companies were 53.1% and 51.0% , respectively, which were higher than the previous month’s 1.1 and 0.3 percentage points, and continued to be higher than the critical point; the PMI of small-sized enterprises was 49.6% , 0.7 percentage points lower than the previous month . Below the critical point.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.