BEIJING (Reuters) — China’s manufacturing activity contracted in May for a second month, an official survey showed Saturday, fueling expectations for more stimulus to support the economy amid a protracted trade war with the United States.
The official purchasing managers index (PMI) improved slightly to 49.5 in May from 49.0 in April but stayed below the 50-mark separating growth from contraction, in line with a median forecast of 49.5 in a Reuters poll.
