China's official purchasing managers' index, an indicator of the performance of the manufacturing sector, declined in May, a report from the China Federation of Logistics and Purchasing (CFLP) showed Friday.
The index fell to 50.4 in May from 53.3 in April. Economists had expected the reading to fall to 52. A PMI reading above 50, however, indicates expansion of the sector.
According to the official data, the index remained above 50 for a sixth straight month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.