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PMI of manufacturing sector stood at 53.1% in May

(Xinhua)
Updated: 2009-06-01 10:28

BEIJING - The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 53.1 percent in May, the China Federation of Logistics and Purchasing (CFLP) said Monday.

Related readings:  China PMI expands, signaling recovery  PMI of manufacturing sector rises for 5th straight month  What is behind different PMI statistics?

The figure was down 0.4 percentage points from a month ago, said CFLP.

It was the third consecutive month the PMI rebounded to above 50 percent since July 2008, when the index fell to 48.4 percent.

A reading of above 50 suggests expansion, while one below 50 indicates contraction.