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NBS: China’s May manufacturing PMI nudges down to 50.6

China’s Purchasing Managers’ Index (PMI) for its manufacturing industry eased another 0.2 basis point on month to 50.6 for May, indicating the sector’s consistent return to the normality though at a slower pace from the impact of the COVID-19, according to the release from the country’s National Bureau of Statistics (NBS) on May 31.
“China’s economy has been in a steady and encouraging recovery with the united efforts from top to bottom in curtailing the pandemic spread and at the same time stimulating the economic development,” Zhao Qinghe, NBS’senior statistician was quoted analyzing the May results. He admitted, though, that “the lingering pandemic has continued

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