[Breaking] China Manufacturing PMI 51.0... Expected 51.1

[Asia Economy Reporter Kim Suhwan] China's National Bureau of Statistics announced on the 31st that the Manufacturing Purchasing Managers' Index (PMI) for May was recorded at 51.0.

This is a slight decrease from the previous month's 51.1 and falls short of the forecasted 51.1.

The PMI, which indicates manufacturing business trends, signifies expansion when above the baseline of 50 and contraction when below. The PMI is calculated based on corporate surveys regarding new orders, shipments, and inventory levels.