Copper slides after china manufacturing survey comes in worst than expected
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
Copper is leading industrial commodity prices lower after a survey showed China's manufacturing sector contracted by more than expected last month. The Caixin manufacturing purchasing
managers’ index fell to 48.3 in May from 50.4 in April, according to a report released by Caixin and S&P Global on Tuesday. Any figure below 50 signals contraction. Analysts had forecast
a reading of 50.7%, according to Bloomberg, and the outcome was the weakest since September 2022, amid concerns that the trade war between China and the U.S. is crimping activity.