Friday, 1 June 2012

China's factory activity weakest this year

Activity in China's biggest and mainly state-owned factories has hit the lowest point this year due to weak domestic demand.

China's purchasing managers index (PMI), which measures activity in factories, fell to 50.4 in May, official data showed.

It is the weakest reading this year. Analysts had forecast a reading of between 51.5 to 52.2.

Analysts said China may now stimulate the world's second-biggest economy.

http://www.bbc.co.uk/news/business-18291873