China’s factory activity beats forecasts in May, private survey shows, despite softer official data
The post China’s factory activity beats forecasts in May, private survey shows, despite softer official data appeared on BitcoinEthereumNews.com. Workers make US flags ahead of the 2026 World Cup football tournament, at a factory in Qingdao, in China’s Shandong province on May 28, 2026. – | Afp | Getty Images BEIJING — China’s factory activity expanded in May, a private survey showed Monday, beating expectations, although growth slowed from the previous month . The seasonally-adjusted RatingDog China General Manufacturing Purchasing Managers’ Index came in at 51.8, a touch above the 51.6 expected in a Reuters poll. The reading was down from April’s 52.2, indicating a slower pace of improvement in manufacturing conditions. The 50 mark separates expansion from contraction. China’s official manufacturing PMI for May fell to 50 from 50.3 in April, in-line with expectations and the lowest since a 49 print in February, according to data released Sunday. Overall, the official PMI “suggest sub