BEIJING — China's manufacturing activity contracted for a second month in May, an official survey showed on Saturday, raising expectations for more stimulus to support the economy amid a protracted trade war with the United States. The official purchasing managers' index (PMI) rose to 49.5 in May from 49.0 in April, improving slightly but remaining below the 50-mark separating growth from contraction, and was in line with a median forecast of 49.5 in a Reuters poll. Earlier this month, the central bank unveiled a raft of easing steps, including interest rate cuts and a major liquidity injection, and analysts believe a trade deal with the United States could reduce the need for more aggressive stimulus.
Author: Reuters
Published at: 2025-05-31 20:13:31
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