HSBC Flash China Manufacturing PMI

Economy

The HSBC Flash China Manufacturing Purchasing Mangers' Index for May of 49.1, published by Markit, was up slightly from the final April reading, of 48.9. This would be the third successive month below the 50 benchmark that separates expansion from contraction. In addition, there was a sharp drop in the Flash China Manufacturing Output Index which fell to 48.4, down from a final April reading of 50.0.