Business activity in China exceeded forecasts in May

According to Caixin/Marlit, the index of business activity in the manufacturing sector of China in April kept the value of April at 50.2 points, exceeding the experts' forecast of 50 points. Thus, in the country there is a further increase in production activity due to the acceleration of the growth of new orders. Chinese companies that took part in the May survey indicated a renewed growth in new export orders amid growing external demand and the launch of new products. Chinese manufacturers have slightly reduced the number of staff, which has been observed for two months in a row. In addition, there was a slight increase in average purchase prices in the manufacturing sector. Fears, exacerbated by the escalation of the trade war between the United States and China, weakened business relations in the manufacturing sector to its lowest level since April 2012.

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