China Manufacturing Activity Slumps
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Chinese top trade representativesCNBC
•Business
Business & Economics
China's May factory activity unexpectedly shrinks, clocking its worst drop since 2022, as tariffs bite

86% Informative
Caixin/S&P Global manufacturing purchasing managers' index came in at 48.3 , missing Reuters ' median estimate of 50.6 and dropping sharply from 50.4 in April .
The decline in foreign demand accelerated in May , with the gauge for new export orders falling to its lowest level since July 2023 .
Total new orders, an indicator of overall demand, also contracted for the first time in eight months .
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