CRI听力:China's May Manufacturing PMI Improves, Non-manufacturing PMI Dips
Latest official data shows China's manufacturing business activity continued to improve in May.
The manufacturing purchasing managers' index (PMI), a key measure of factory activity in China, posted at 50.2 last month, up 0.1 percentage points from April.
A reading above 50 indicates expansion.
Senior analyst with the National Bureau of Statistics Zhao Qinghe attributes the improvement to a string of easing measures by the central government.
"The Party Central Committee and the State Council introduced a series of policies and measures to boost a steady economic growth. These policies and measures are taking effect. For example, both production and the market demand rebounded this month, and both the production index and the new orders index grew on a month-on-month basis. This is a major factor leading to the rise of this month's manufacturing PMI."
Meanwhile, stats show that service sector activity expanded in May, but at a slower pace than in previous months.
The purchasing managers' index (PMI) for the non-manufacturing sector fell to 53.2 last month, slightly lower than the figures in March and April.
Experts say growth in industries such as the Internet, software and information technology services, and retail trade contributed to the expansion.
However, the May figure marked the lowest ever reading since January of last year.
相关文章
- CRI听力:Myanmar youth reap rewards from China-Myanmar cooperative projects
- CRI听力:Guardians of the Belt and Road dedicate prime years in Myanmar
- CRI听力:"Dedicate yourself and you will win," says young entrepreneur
- CRI听力:Macao martial arts champion shines in fashion world with Chinese style
- CRI听力:Perseverance and passion make a difference, young athlete from Macau
- CRI听力:Young girl from Macau becomes social media influencer
- CRI听力:Piano prodigies perform at the Beijing premiere of "The Legend of 1900"
- CRI听力:CIIE 2019: A good opportunity to engage with Chinese market and consumers
- CRI听力:Kris Wu shoots a short film, starring Asian teen model
- CRI听力:CIIE 2019: A good opportunity to engage with Chinese market and consumers