CNBC
01 Jun 2026, 01:59 UTC · 4h ago
Source · https://www.cnbc.com/2026/06/01/chinas-factory-activity-beats-forecasts-in-may-private-survey-shows-despite-softer-official-data.html
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China's official manufacturing PMI for May fell to 50, its lowest level since February. — The official index hitting the threshold between expansion and contraction indicates significantly weakening momentum in the broader industrial sector.
-0.60Chinese retail sales growth reached a 40-month low in April. — A multi-year low in retail growth suggests persistent weakness in domestic consumer demand.
-0.40The RatingDog China General Manufacturing PMI for May came in at 51.8, slightly exceeding expectations of 51.6. — Higher-than-expected growth among export-oriented manufacturers provides a partial hedge against broader domestic industrial weakness.
+0.30New export business and employment both experienced marginal contractions in May according to the RatingDog survey. — Declines in new orders and hiring signal a potential cooling of the export engine and labor market stability.
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Seasonally adjusted input prices for Chinese manufacturers fell in May for the first time in six months. — Lower input costs can improve corporate margins or reduce inflationary pressure within the supply chain.
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H World noted a pick up in domestic tourism and spending during the May 1 holiday.
Goldman Sachs analysts are providing market commentary rather than the company being the subject of the news.
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