China May factory PMI growth keeps pace with previous month

Reuters News
Posted: May 30, 2017 9:06 PM

BEIJING (Reuters) - Growth in China's manufacturing sector in May kept pace with the previous month, an official survey showed on Wednesday, beating expectations in a reassuring sign the world's second-biggest economy is not losing too much steam after a solid first quarter performance.

The official Purchasing Managers' Index (PMI) stood at 51.2 in May, compared with the previous month's 51.2 and above the 50-point mark that separates growth from contraction on a monthly basis.

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Analysts polled by Reuters had predicted a reading of 51.0.

(Reporting by Beijing Monitoring Desk; Editing by Shri Navaratnam)