(May 31): China’s official factory gauge rose more than estimated as export orders accelerated, signalling trade continues to drive expansion as the global economy powers through risks.

The manufacturing purchasing managers index rose to 51.9 in May, exceeding all forecasts in Bloomberg’s survey of economists, who projected the gauge to remain unchanged at 51.4. The non-manufacturing PMI, covering services and construction, rose for a third straight month to 54.9, the statistics bureau said Thursday, from 54.8 in April. Levels above 50 indicate improvement.

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