Chinese manufacturing unexpectedly expanded in May:
“A private survey showed manufacturing activity in China expanded for the month of May. The Caixin/Markit Manufacturing Purchasing Manager’s Index came in at 50.7 for May. Analysts polled by Reuters had expected the PMI number to come in at 49.6 compared to the April reading of 49.4. PMI readings above 50 indicate expansion, while those below that level signal contraction.”
P.S. Manufacturing is ramping up in China, which could mean more product moving along the supply chain. If you want to improve your in-stock stats, 8th & Walton can help. Get in touch with us today to schedule an appointment.