An index reading above 50 indicates growth, while anything below 50 indicates a contraction. Photo: AFP

China’s manufacturing index drops into negative territory in May as economic pressures mount

  • The manufacturing purchasing managers’ index (PMI), a gauge of sentiment among factory operators, fell to 49.4 in May
  • This was a decrease on April’s performance of 50.1, and below the median expectations of a poll of Bloomberg analysts, which had predicted a drop to just 49.9
Topic |   China economy

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An index reading above 50 indicates growth, while anything below 50 indicates a contraction. Photo: AFP
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Finbarr Bermingham

Finbarr Bermingham

Finbarr Bermingham has been reporting on Asian trade since 2014. Prior to this, he covered global trade and economics in London. He joined the Post in 2018, before which he was Asia Editor at Global Trade Review and Trade Correspondent for the International Business Times.