China PMIs stable

Via China’s NBS:

In May , China’s Manufacturing Purchasing Managers Index ( PMI ) was 51.0% , slightly lower than 0.1 percentage point last month , and continued to be above the threshold. The manufacturing industry maintained steady expansion.

From the perspective of enterprise scale, the PMI of large and medium-sized enterprises was 51.8% and 51.1% , respectively , up 0.1 and 0.8 percentage points from the previous month , both higher than the threshold; the PMI of small enterprises was 48.8% , a decrease of 2.0 percentage points from the previous month , which was lower. At the tipping point.

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