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.
by RTT Staff Writer
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