China manufacturing, services show steady expansion
Seeking Alpha
Published May 31, 2017 02:37AM ET
China manufacturing, services show steady expansion
- China's manufacturing purchasing managers' index held in the expansion zone as the country returned from a two-day holiday Wednesday, marking its 10th straight month of expansion.
- The index was unchanged from April's 51.2 and beat expectations for 51.0, indicating some much-desired stability amid bubble risks for the Chinese market. New orders also were unchanged at 52.3, while production dipped to 53.4 from 53.8.
- Nonmanufacturing PMI rose to 54.5 from April's 54.0, with new orders rising to 50.9 from 50.5.
- The indexes rose thanks in part to investment in construction and infrastructure.
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- Now read: This Time Is Different
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