China's manufacturing sector expanded at a faster pace in May on robust new orders and production, data published by IHS Markit showed on Tuesday.
The Caixin manufacturing Purchasing Managers' Index rose to 52.0 in May from 51.9 in April. The reading was expected to remain unchanged at 51.9.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.