109-525-3201A-8 INDRAMAT

Judging from the Caixin China Manufacturing PMI sub-index,manufacturing supply and demand continued to shrink in May.Although the production index and new orders index rebounded in the month,they continued to be below the line of prosperity and decline,and demand was slightly stronger than supply.External demand continued to be sluggish,and the new export orders index remained in the contraction range for ten consecutive months,and the contraction rate was also narrower than that of the previous month.

从财新中国制造业PMI分项指数看，5月制造业供给和需求继续收缩，当月生产指数和新订单指数虽有回升，但继续低于荣枯线，其中需求略强于供给。外需持续低迷，新出口订单指数连续十个月位于收缩区间，收缩幅度也较上月收窄。