Mumbai, June 3 -- China's manufacturing sector saw a deterioration in operating conditions in May, according to the latest PMI data.
Manufacturing output declined alongside a renewed fall in new orders. Export orders also shrank at a faster pace. In line with reduced operations, firms cut back on their purchasing activity and lowered their staffing levels.
That said, sentiment towards future output improved, with the first rise in confidence levels in three months. Charges meanwhile continued to fall, with the rate of reduction accelerating alongside a faster decline in input costs in May.
The headline seasonally adjusted Purchasing Managers' Index (PMI) posted 48.3 in May, down from 50.4 in April.
Registering below the neutral 50.0 mar...