China’s Emerging Industries Purchasing Manager’s Index Expanded in May 2020

China’s Emerging Industries Purchasing Managers’ Index (EPMI), published by Chinese Academy of Science and Technology for Development and China Federation of Logistics & Purchasing, rose further to 55.9% in May from 54.0% in April.

The increase suggests that the sector is expanding and the situation is improving at a faster pace. Essentially, an improvement is observed among 10 out of 16 components. A figure above 50% indicates expansion compared to previous month, and below 50 – contraction.

The increase suggests that the sector is expanding and the situation is improving at a faster pace
The EPMI is a gauge for the growth momentum in China’s seven high-tech industries that relate to green technology, new generation information technology, bio-tech, high-end equipment manufacturing, new energy, new materials and new energy vehicles. This dataset has recently been included to the CEIC’s China Premium Database.

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