China's May factory activity expands for third straight month
Share:
BEIJING (Reuters) - China's factory activity rose for a third straight month in May as companies got back to business after strict measures to contain the coronavirus, but worldwide lockdowns and weak demand are likely to weigh on the economy's recovery.The official manufacturing Purchasing Manager's Index (PMI) eased to 50.6 in May from 50.8 in April but remained above the 50-point mark that separates growth from contraction on a monthly basis. Analysts had expected it to pick up to..