Bond.az – China's manufacturing sector grew more than expected in May, according to private PMI data released Monday.
The RatingDog Manufacturing PMI came in at 51.8, surpassing forecasts of 51.4. While this marks a slight dip from April's 52.2, it still represents the sixth consecutive month of expansion.
New orders rose on both domestic and international demand, although export growth softened slightly from the prior month.
Input prices remained elevated due to ongoing cost pressures from the Middle East conflict, particularly in energy.
The RatingDog data contrasts with the official PMI released Sunday, which showed barely any growth. The private survey focuses on smaller, private firms in southern China, while the official PMI targets larger state-owned enterprises in the north.
