Official Data Shows China Construction Industry Continued to Expand

Published: May 31, 2023 16:51

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The construction industry business activity index was 56.4, up 5.7 points from the previous month, and the construction industry as a whole maintained rapid expansion.

SHANGHAI, May 31 (SMM) – The construction industry business activity index was 56.4, up 5.7 points from the previous month, and the construction industry as a whole maintained rapid expansion.

The business activity expectation index was 62.1%, 2.0 percentage points lower than that of the previous month, and continued to be in the high-level boom range above 60.0%.

Construction enterprises are relatively optimistic about the near-term market.

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