China manufacturing growth grows for third month

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Associated Press

Posted on May 31, 2014 at 11:03 PM

Updated Sunday, Jun 1 at 12:03 AM

BEIJING (AP) — Figures show Chinese manufacturing grew for the third consecutive month in May, suggesting that a slowdown in the world's second-largest economy is stabilizing.

The state-sanctioned China Federation of Logistics and Purchasing said Sunday that its monthly purchasing managers index rose to 50.8 points in May on a 100-point scale on which numbers above 50 show activity expanding.

That was up from April's 50.4 points and represented the highest level this year.

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