![]() ![]() While the export orders index remained just below the 50 neutral threshold, total orders jumped to the highest level for 10 months," said CLSA's head of economic research, Eric Fishwick. "For the first time the PMI shows genuine evidence that policy really is gaining traction. ![]() A PMI reading above 50.0 indicates the manufacturing economy is expanding, while a reading below 50 indicates contraction. May was the second consecutive month the CLSA PMI was above 50.0, after eight months of it being below the key level. ![]() The CLSA China Purchasing Managers Index, a gauge of nationwide manufacturing activity, rose to 51.2 in May from 50.1 in April, CLSA Asia-Pacific Markets said Monday.
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