Investing.com - China's manufacturing sector expended faster than expected in May, an official survey showed on Wednesday, highlighting continued steady growth.
The National Bureau of Statistic's official Purchasing Managers' Index (PMI) came in at 51.2 higher than the 51.0 expected and even with 51.2 in April, Reuters reported.
Services PMI rose to 54.5 in May from 54.0 in April. The services sector accounted for over half of the Chinese economy last year.
A reading above 50 points to growth in the PMIs.