The Chinese manufacturing PMI remained unchanged at 50.1 in May, according to the Chinese government. Analysts had expected the index to decrease to 50.0.

A reading above the 50 mark indicates expansion, a reading below 50 indicates contraction.

The production sub-index increased to 52.3 in May from 52.2 in April, the new orders sub-index was down to 50.7 from 51, and the new exports sub-index fell to 50 from 50.1, while the employment sub-index increased to 48.2 from 47.8.

The services PMI decreased to 53.1 in May from 53.5 in April.