Business conditions for Chinese manufacturers deteriorated in May after overall activity retreated wholesale ray ban, according to a flash reading of a monthly survey by HSBC released on Thursday.

The monthly manufacturing Purchasing Managers' Index came out at 48.7 from 49.3 in April. The measure stayed below the threshold of 50, indicating a contraction in manufacturing activities from the previous month. A continuation of the fact that China continues on a slowdown track.

The flash PMI reading was the lowest in 2 months. The Flash China Manufacturing Output Index stood at 50.5 (49.3 in April),7-month high.

Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & CoHead of Asian Economic Research at HSBC said:

“Manufacturing activities softened again in May, reflecting the deteriorating export situation. This calls for more aggressive policy easing, as inflation continues to slow. Beijing policy makers have been and will step up easing efforts to stabilize growth, as indicated by a slew of measures to boost liquidity, public housing and infrastructure investment and consumption. As long as the easing measures filter through, China will secure a soft landing in the coming quarters.”

The HSBC Flash China Manufacturing Purchasing Managers’ Index™ (PMI™) is published on a monthly basis approximately one week before final PMI data are released cheap ray bans, making the HSBC PMI the earliest available indicator of manufacturing sector operating conditions in China. The estimate is typically based on approximately 85%–90% of total PMI survey responses each month and is designed to provide an accurate indication of the final PMI data.