Manufacturing PMI rebounded to 49.6% in May

The National Bureau of Statistics pointed out that among the 21 industries surveyed this month, the number of industries with PMI in the expansion range increased from 9 in the previous month to 12, and the manufacturing sector showed positive changes. In addition, the production index and new order index were 49.7% and 48.2%, respectively, up 5.3 and 5.6 percentage points from the previous month, indicating that both manufacturing production and demand have recovered to varying degrees.