May HSBC China PMI Rises Less Than Expected

HSBC China manufacturing PMI came in at 49.4 in May.

This was below the flash reading of 49.7, but up from a reading of 48.1 in April.

A reading below 50 indicates contraction.

The official PMI report showed manufacturing hit a five-month high of 50.8 in May.

Beijing announced a mini-stimulus to help stabilize growth. And on May 30, the State Council announced additional policy easing measures. This is expected to have helped business sentiment.

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