China’s official PMI grew in May, reaching a five-month high of 50.8.
AFP reports that the result beat a forecast if 50.6, based on a median in a survey conducted by Down Jones Newswires of predictions by eight economists.
A score of 50 in the monthly survey separates growth and contraction, with any score above 50 indicating growth.
The official PMI is weighted towards larger, state-run factories. The separate flash HSBC PMI, weighted towards privately-owned factories, shows these to be in contraction.
"The PMI reading continued to improve in May, indicating that a trend of economic stabilization is becoming more evident," said the Development Research Centre’s Zhang Liqun.