--- title: "Mainland China's manufacturing PMI in May fell to 50. National Bureau of Statistics: High-tech manufacturing continues to expand" type: "News" locale: "en" url: "https://longbridge.com/en/news/288166596.md" description: "Data from the National Bureau of Statistics shows that in May, China's manufacturing PMI fell to 50%, marking a decline for two consecutive months and the lowest level in the past three months. Although the new orders index slightly decreased, the production index remained in expansion. The PMI for high-tech manufacturing and equipment manufacturing continued to stay above the critical point, indicating positive development of new momentum. Large enterprises are experiencing a recovery in prosperity, while small and medium-sized enterprises are declining. The composite PMI output index stands at 50.5%, indicating that overall economic activity is still in the expansion range" datetime: "2026-05-31T08:39:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288166596.md) - [en](https://longbridge.com/en/news/288166596.md) - [zh-HK](https://longbridge.com/zh-HK/news/288166596.md) --- # Mainland China's manufacturing PMI in May fell to 50. National Bureau of Statistics: High-tech manufacturing continues to expand The National Bureau of Statistics announced that the Purchasing Managers' Index (PMI) for the manufacturing sector in May was 50%, a decrease of 0.3 percentage points from the previous month, marking a decline for two consecutive months and the lowest level in the past three months; the non-manufacturing business activity index for May was 50.1%, an increase of 0.7 percentage points from the previous month. As for the comprehensive PMI output index for May, it was 50.5%, an increase of 0.4 percentage points from the previous month, indicating that the overall production and business activities of Chinese enterprises continued to expand. ## Production Index Above the Critical Point Huo Lihui, chief statistician at the National Bureau of Statistics Service Industry Survey Center, interpreted that the manufacturing PMI for May was 50%, reflecting that the overall production and business conditions of enterprises remained stable. Among them, enterprise production continued to expand, with a production index of 51.2%, above the critical point; the new orders index was 49.9%, indicating a slowdown in market demand. By industry, the production index and new orders index for sectors such as pharmaceuticals, railway, shipbuilding, aerospace equipment, and computer communication electronic equipment were all above 53%; however, the two indices for industries such as petroleum, coal and other fuel processing, chemical fibers and rubber plastic products, and non-metallic mineral products remained below the critical point. Secondly, the development trend of new driving forces continued to improve, with the PMIs for high-tech manufacturing and equipment manufacturing at 52.9% and 52.1%, respectively, increasing by 0.7 and 0.3 percentage points from the previous month, both remaining above the critical point. Notably, the PMI for high-tech manufacturing has been in the expansion range for 16 consecutive months, with related industries maintaining good growth momentum, and the leading role of new driving forces continuing to emerge. ## Large Enterprises' PMI Rises to 51.1 Thirdly, the PMI for large enterprises remained above the critical point, at 51.1% in May, an increase of 0.9 percentage points from the previous month; while the PMIs for small and medium-sized enterprises were 48.6% and 48.5%, indicating a decline in business sentiment. Fourthly, the price index fluctuated at a high level, with the purchasing price index for major raw materials and the factory price index at 60.5% and 51.9%, respectively, both down 3.2 percentage points from the previous month, still at a relatively high level in recent times, and both indices have remained in the expansion range for five consecutive months, indicating that the overall level of manufacturing market prices continues to rise. By industry, the price indices for textiles, chemical fibers and rubber plastic products, and black metal smelting and rolling processing have all been above 55% for three consecutive months, indicating that the overall purchasing and sales prices in related industries continue to rise. ## Service Industry Index Rises, Construction Industry Improves In the non-manufacturing sector, the business activity index for the service industry was 50.3%, an increase of 0.7 percentage points from the previous month; by industry, the business activity indices for railway transportation, telecommunications, broadcasting, television and satellite transmission services, and insurance were all above 55.0%, indicating a high level of prosperity and rapid growth in business volume. Additionally, the business activity index for the construction industry was 48.8%, an increase of 0.8 percentage points from the previous month, indicating an improvement in business sentiment ### Related Stocks - [003039.CN](https://longbridge.com/en/quote/003039.CN.md) - [002800.CN](https://longbridge.com/en/quote/002800.CN.md) - [003037.CN](https://longbridge.com/en/quote/003037.CN.md) - [002837.CN](https://longbridge.com/en/quote/002837.CN.md) - [003033.CN](https://longbridge.com/en/quote/003033.CN.md) - [513180.CN](https://longbridge.com/en/quote/513180.CN.md) - [159740.CN](https://longbridge.com/en/quote/159740.CN.md) - [159742.CN](https://longbridge.com/en/quote/159742.CN.md) - [510030.CN](https://longbridge.com/en/quote/510030.CN.md) - [159263.CN](https://longbridge.com/en/quote/159263.CN.md) - [03067.HK](https://longbridge.com/en/quote/03067.HK.md) - [513130.CN](https://longbridge.com/en/quote/513130.CN.md) - [02822.HK](https://longbridge.com/en/quote/02822.HK.md) - [520920.CN](https://longbridge.com/en/quote/520920.CN.md) - [159998.CN](https://longbridge.com/en/quote/159998.CN.md) ## Related News & Research - [China economy shows surprise rebound even as Iran war risks spread](https://longbridge.com/en/news/279196416.md) - [EMERGING MARKETS-EM stocks nudge higher, FX muted as investors wait for Gulf deal details](https://longbridge.com/en/news/289899515.md) - [Science parks’ combined revenue hits record NT$5.8tn](https://longbridge.com/en/news/278751818.md)