An indicator of China's manufacturing performance declined further in May, signaling seventh successive month of deteriorating operating conditions, a survey by Markit Economics revealed Friday.
The HSBC purchasing managers' index fell to 48.4 in May from 49.3 in April. The flash survey results, released last month, showed a reading of 48.7 for May.
A PMI reading below 50 indicates contraction in activity and the PMI has now scored below the neutral mark for a seventh successive 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.