Abu dhabi: China's factory activity stalled in May, signalling continued pressure on the sector from weak domestic demand and rising production costs, an official survey showed on Sunday. The official manufacturing purchasing managers' index (PMI) dropped to 50 from 50.3 in April, according to a survey by the National Bureau of Statistics (NBS).
According to Emirates News Agency, the PMI for China's non-manufacturing sector showed a slight improvement, registering at 50.1 in May, up 0.7 percentage points from the previous month. Despite this modest increase, the manufacturing sector's stagnation highlights ongoing challenges such as weak domestic demand and rising production costs that continue to burden China's industrial landscape.