Chinese manufacturing output surged the most in 9 years in May, signaling a coronavirus recovery

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• China's manufacturing output expanded the most in nine years in May, according to IHS Markit's Purchasing Managers Index data released on Monday.
• However, Chinese government data showed a slight contraction in manufacturing activity between April and May.
• The IHS Markit data focuses on small- and medium-sized enterprises, while the National Bureau of Statistics PMI leans towards large and state-owned enterprises.
• Visit Business Insider's homepage for more stories.

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China's manufacturing output surged the most in nine years in May as restrictions tied to the COVID-19 outbreak were eased, analytics firm IHS Markit revealed on Monday.

The market-research firm's Caixin China General Manufacturing Purchasing Managers Index (PMI) posted an overall reading of 50.7, up from 49.4 in April, returning to expansion territory.

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