Indicators
China’s Manufacturing Sector Improved in May, Surveys Show
- China Beige Book says factory activity gained in the month
- Goldman says emerging market PMI shows stabilization
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Two surveys suggest China’s manufacturing sector improved or at least stabilized in May compared with the previous month, providing some respite following signs of a slowdown in the economy’s recovery.
China Beige Book, a US-based data provider, said its surveys show manufacturing output increased “notably” in May from April, as did domestic and foreign orders. Separately, Goldman Sachs Group Inc. cited a pick up in the emerging industries purchasing managers’ index.