In May, the purchasing managers' index for China's manufacturing sector was 49.5%, indicating an improvement in the business conditions.

Today, the China Federation of Logistics and Purchasing and the National Bureau of Statistics Service Industry Survey Center released the China Purchasing Managers' Index for May. Among them, the Purchasing Managers' Index for the manufacturing sector rebounded from the previous month, indicating an improvement in the manufacturing sector and a stabilization in economic operations. The China Purchasing Managers' Index for the manufacturing sector in May was 49.5%, an increase of 0.5 percentage points from the previous month. Looking at the sub-indexes, the production index was 50.7%, an increase of 0.9 percentage points from the previous month, reaching above the critical point, indicating a acceleration in manufacturing production activities. In terms of demand, the new order index for May was 49.8%, an increase of 0.6 percentage points from the previous month. By industry, the production index and new order index for industries such as agricultural and sideline food processing, special equipment, and railway, ship, aerospace equipment were all above 54%, indicating rapid growth in supply and demand in these industries. Looking at the import and export index, the new export order index and import index for May were 47.5% and 47.1% respectively, an increase of 2.8 and 3.7 percentage points from the previous month, indicating an improvement in import and export situations. In terms of market expectations, the production and operation expectation index was 52.5%, an increase of 0.4 percentage points from the previous month. Overall, manufacturing companies have maintained an optimistic outlook on the market development in the near future.