RatingDog Manufacturing PMI for China rose to 51.8 in May, beating the 51.4 forecast and marking sixth month of growth.
The index cooled from 52.2 in April but new orders rose on both domestic and export demand, though exports slipped slightly.
Input prices stayed upbeat due to ongoing Middle East war cost pressures, especially in energy, supporting higher manufacturing costs.
RatingDog’s private‑firm PMI differs from the official government PMI, which showed only marginal growth, reflecting survey focus on smaller southern firms.