China's May manufacturing business sentiment index fell slightly below the previous month, declining for the second straight month.
Rising raw material prices are a burden on the manufacturing industry.
The National Bureau of Statistics of China publishes the Manufacturing PMI = Purchasing Manager Business Confidence Index, which surveys 3,000 manufacturing companies every month.
The May manufacturing PMI announced on the 31st was 51.0, 0.1 points below April.
“50”, which is a turning point for economic judgment, has exceeded for 15 consecutive months, but has decreased from the previous month for 2 consecutive months.
This is due to the fact that rising raw material prices have placed a burden on the manufacturing industry and that orders for new exports have declined.
In addition, while large companies and medium-sized companies exceeded the previous month and exceeded the milestone of 50, small companies deteriorated from the previous month and fell below 50, creating a gap depending on the size of the company. I am.
Statisticians say "manufacturing continues to grow steadily," but the government has been worried about the recent rise in raw material prices and has announced a series of measures to stabilize prices. I am.Keywords: