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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