BEIJING—China’s manufacturing slowdown deepened in May as consumer and export demand weakened, a survey showed Wednesday, adding to signs an economic rebound following the end of anti-virus controls is slowing.
Chinese leaders are under pressure to shore up the recovery after a survey found a record 1 in 5 young workers in cities were unemployed. Consumer spending in April was weaker than expected and factory output declined compared with the previous month.
The monthly Purchasing Managers’ Index issued by the national statistics agency and an industry group retreated to 48.4 from April’s 49.2 on a 100-point scale. Numbers below 50 show activity declining….