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🇨🇳 China's May manufacturing PMI flatlined at 50.0 as new orders fell back into contraction
The day in view

🇨🇳 China's May manufacturing PMI flatlined at 50.0 as new orders fell back into contraction

Macro Soup Newsroom Macro Soup Newsroom 3 min read

China's official manufacturing PMI fell to 50.0 in May, the lowest since January 2025, with new orders back in contraction at 49.9. Caixin services came in at 54.4, well above the 52.3 forecast, but the headline hides a widening production-demand gap.

Multiple large CNC milling machines lined up in a factory interior.
China's official manufacturing PMI held at 50.0 in May, with high-tech manufacturing expanding for the 16th consecutive month. Source

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