The manufacturing purchasing managers’ index (PMI) is a gauge of sentiment among factory operators and is based on a survey, the responses to which are aggregated into a number. A number above 50 signifies a positive economic outlook, while below 50 means sentiment is in contraction. Photo: AFP

Explainer: China’s manufacturing outlook weakens showing economic slump is yet to hit bottom

  • May’s manufacturing purchasing managers’ index (PMI) dropped to 49.4, the first time it has dipped into negative territory since February
  • Service sector PMI improved slightly ahead of new US tariffs taking effect, but analysts suggest Beijing’s stimulus are wearing off
Topic |   China economy

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The manufacturing purchasing managers’ index (PMI) is a gauge of sentiment among factory operators and is based on a survey, the responses to which are aggregated into a number. A number above 50 signifies a positive economic outlook, while below 50 means sentiment is in 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.