In May, the industrial PMI of China unexpectedly rose to a maximum since September - Ester Holdings

In May, the industrial PMI of China unexpectedly rose to a maximum since September

Investing.com – In May, the Purchasing Managers Index (PMI) in China’s processing industry resumed its recovery against market expectations and peaked in September.

The value of the indicator increased from 51.4 points in April to 51.9 points in May, according to the State Statistical Office of the PRC.

Analysts on average expected the index to remain at the April level.

The index has already remained above the 50-point mark for 22 months – the boundary between the decline and growth of business activity in the sector. This is the longest period of recovery since the end of 2014.

Official China PMI in the service sector in May rose from 54.8 to 54.9 points. The consensus forecast assumed the preservation of the April level.

Consolidated PMI rose from 54.1 to 54.6 points, the highest level since January.

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