Official figures showed the Composite PMI edged up to 50.5 in May from 50.1 in April, helped by a rebound in the non-manufacturing sector (50.1 vs. 49.4). However, manufacturing PMI slipped to 50.0 from 50.3. A private survey also reported a decline, with the manufacturing PMI easing to 51.8 from Aprils five-year high of 52.2.
Market Samachar is a news aggregator. This article was originally published by Markets. Tap the button above to read the full story on their site.