China Manufacturing PMI Signals Seventh Straight Month of Crumbling Operating Conditions

Posted on May 31, 2012

  • Muted global demand has resulted in a reduction in exports;
  • PMI Index registered 48.4 in May, down slightly from 49.3 in April;
  • Production fell marginally during the month and was the weakest decline during the 3 months of contraction;
  • The decline in new orders accelerated during the month but the overall downward trend remains modest;
  • Employment has declined for 3 straight months inline with the decline of new business;
  • Input & output prices declined during the month as producers pass on thier lower costs to customers.