China’s Private Factory Activity Gauge Slows as Economy Softens

China’s manufacturing activity slowed in May, according to a private survey of export-oriented firms, signaling softer momentum in the world’s second-largest economy. The reading is broadly in line with the official gauge and points to mild near-term headwinds for industrial output and export-related demand.

Analysis

China’s manufacturing activity slowed in May, according to a private survey of export-oriented firms, signaling softer momentum in the world’s second-largest economy. The reading is broadly in line with the official gauge and points to mild near-term headwinds for industrial output and export-related demand.