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  • Beijing Review

    THIS WEEK ECONOMY

    Jun 09, 2022 4 minutes

    PMI Rebound

    The purchasing managers’ index (PMI)—a key gauge of manufacturing activity—came in at 49.6 in May, up from 47.4 in April, data from the National Bureau of Statistics (NBS) showed on May 31.

    A reading above 50 indicates expansion and below that mark, contraction.

    “China’s economy took a hit from the Omicron outbreak and changes in the international situation, but it has improved in May due to the effective coordination of COVID-19containmentand economic and social development,” NBS senior statistician Zhao Qinghe said.

    The sub-index for production stood at 49.7 in May, up 5.3 percentage points from the previous month,

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