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FACTORY ACTIVITY GREW SLOWER IN MAY

Published On 01 Jun 2020 04:27 AM


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Highlights:

  • May manufacturing Purchasing Manager’s Index (PMI) was at 50.6 as compared to that of April which was at 50.8.
  • Service and construction sectors have gained momentum which is indicating an uneven recovery in China.
  • Export orders slump for the fifth consecutive month due to the coronavirus pandemic outbreak.

The world’s second-largest economy&rsquo....


Tags : China, services, coronavirus, pandemic, manufacturing,
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