SUBSCRIBERS
PMI points to economy stabilising but no rebound in sight yet
Published Wed, Jun 1, 2016 · 09:50 PM
Beijing
CHINA'S purchasing managers' index (PMI) in May point to stabilisation of the economy, but not a rebound, as recent stimulus measures are being felt on the ground, but global demand remains weak.
The official PMI, which tracks activities in the country's factories and workshops, expanded for a third straight month and came in at 50.1.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel strikes Gaza city of Rafah after evacuation order
Britain's King Charles III marks first anniversary of coronation
German deficit forecast at 1.75% in 2024, says stability council
SNP veteran John Swinney set to be Scotland’s next leader
Shell in talks to sell Malaysia fuel stations to Saudi Aramco: sources
Macron, von der Leyen press Xi on trade in Paris talks