More on the disappointing China manufacturing PMI for May - fell back into contraction ...Middle East

ING with a quick assessment on the stumbling manufacturing PMI from China,a 3-month lowmain reason was a drop in new orders (49.6) and new export orders (48.3), which both fell back into contraction after two months of expansionProduction (50.8) remained in expansion for the third consecutive monthEmployment (48.1) remained in contraction for the 15th consecutive monthraw material purchase prices (56.9) and ex-factory prices (50.4) both hit an 8-month high, which likely precedes a rise in inflation in HS ICYM the data:China May 2024 Official Manufacturing PMI 49.5 (expected 50.5)The yuan has taken a hit, but the USD has risen against EUR & GBP on the session also.. This art

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More on the disappointing China manufacturing PMI for May - fell back into contraction ...Middle East

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