China's manufacturing sector expanded for the sixth consecutive month in May, with the RatingDog China General Manufacturing PMI registering 51.8, surpassing the forecast of 51.6. This marks a slight decline from April's 52.2 but remains above the 50 threshold indicating growth. Notably, manufacturers experienced a reprieve from rising input costs, as price inflation eased for the first time in six to seven months.
While domestic demand remains robust, new export orders fell after four months of growth, highlighting challenges in the global market. The RatingDog survey, which focuses on small and medium-sized private manufacturers, contrasts with the National Bureau of Statistics' PMI, which remained flat at 50, reflecting larger state-owned enterprises. This divergence suggests differing economic conditions for smaller firms compared to their state-backed counterparts.
China's Manufacturing Expands for Sixth Month as Price Pressures Ease
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