China’s NBS Manufacturing PMI rises to 49.5 in May, Non-Manufacturing PMI eases to 50.3

China’s official Manufacturing Purchasing Managers’ Index (PMI) rose to 49.5 in May, compared to 49.0 in the previous reading. The reading came in line with the market consensus in the reported month. 

The NBS Non-Manufacturing PMI eased to 50.3 in May versus April’s 50.4 figure and below the estimates of 50.6.

Market reaction

At the time of writing, the AUD/USD pair is trading around 0.6444, up 0.19% on the day.