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MNI BRIEF: Caixin May Manufacturing PMI Hits Over Two-year High

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China's Caixin manufacturing PMI registered 51.7 in May, up 0.3 points from April, staying in the expansionary zone above the breakeven 50 mark for a seventh month and hitting the highest level since July 2022, the financial publisher said on Monday.

The production sub-index rose to a new high since July 2022, with output of consumer goods growing strongly. The new orders sub-index fell slightly within the expansion range. However, the new export orders sub-index slowed down significantly, though still above 50.

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China's Caixin manufacturing PMI registered 51.7 in May, up 0.3 points from April, staying in the expansionary zone above the breakeven 50 mark for a seventh month and hitting the highest level since July 2022, the financial publisher said on Monday.

The production sub-index rose to a new high since July 2022, with output of consumer goods growing strongly. The new orders sub-index fell slightly within the expansion range. However, the new export orders sub-index slowed down significantly, though still above 50.

Keep reading...Show less