The manufacturing sector in China remained in contraction in May, the latest report from HSBC Bank showed on Monday, with a manufacturing PMI score of 49.2.
That was in line with expectations, and it represented a slight upward revision from last month's flash estimate reading of 49.1.
It was up from 49.9 in April, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction in a sector.
Among the individual components of the survey, new export business declined at the sharpest rate in almost two years.
Employment was down for the 19th straight month, while deflationary pressures began to ease.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.