AI Data Insight
China's Manufacturing PMI Raw Material Inventory Index for May 2026 fell to 48.6, down 0.7 percentage points from the previous value of 49.3, with the decline expanding and remaining below the boom-bust line. Affected by geopolitical tensions and rising raw material prices, enterprises are facing significant cost pressures. Coupled with a marginal slowdown in new order momentum, this has led to a more conservative overall attitude towards stockpiling.