Growth in Asia regains momentum in May, but manufacturing struggles

The Asian economy regained some growth momentum in May, but the manufacturing sector slowed further, according to PMI survey data. The Asia Composite PMI, compiled by IHS Markit from its various national surveys, rose from 51.8 in April to 52.1 in May. The latest reading is in line with the average seen so far this year and broadly consistent with Asia GDP growing at an annual rate of 5.5%.

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