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An index measuring manufacturing activity in China came in with a score of 49.7 in May, the latest survey from HSBC and Markit Economics revealed on Thursday.
That topped forecasts for a score of 48.3 and was up sharply from 48.1 in April - and while it does remain below the line of 50 that separates expansion from contraction, the May reading represents a five-month high.
Among the individual components of the survey, the index for manufacturing output came in at 50.3 - up from 47.9 in April to a four-month high.