China Manufacturing Business Confidence Index Lowered for the second consecutive month from the previous month Corona impact 12:49 on May 31
China's manufacturing sentiment index for the month was slightly lower than last month, down for the second straight month. The index of orders from overseas is sluggish, and the spread of infections overseas is a challenge for China's economic recovery.
The National Bureau of Statistics of China releases the manufacturing industry PMI = Purchasing Manager Business Confidence Index, which surveys the business sentiment of 3000 manufacturing companies every month.
This month's manufacturing PMI, announced on 31st, was 50.6, down 0.2 points from last month.
Although 50, which is the turning point of economic judgment, exceeded, it has been below the previous month for two consecutive months, and improvement in business sentiment is slowing down.
Above all, the index for overseas orders announced as a related index is 35.3, which is far below the milestone of 50.
Exports seem to be declining due to the spread of infections in the United States and Europe, which is an issue for China's economic recovery.
Meanwhile, the non-manufacturing PMI announced at the same time was 53.6, an improvement of 0.4 points from the previous month.
Statistical authorities say that this is due to the fact that policies aimed at expanding consumption, which are being implemented by local governments, are beginning to take effect.