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Headline : China manufacturing activity edges past estimates in April- PMI

Read more from the original article on here at ng.investing.com.





Tags : #china #manufacturing #activity #edges #past #estimates #april #pmi


No. of Paragraph 9

Investing.com-- Chinese manufacturing activity grew slightly more than expected in April, as the sector continued to benefit from stimulus measures from Beijing, although the reading still slowed from the prior month amid sustained headwinds for the Chinese economy. 

The official manufacturing purchasing managers index (PMI) read 50.4 in April, data from the National Bureau of Statistics showed on Tuesday. The reading was slightly above expectations of 50.3 and slowed from the 50.8 in March. 

A reading above 50 signals expansion. While April’s PMI remained in expansion territory, its slowing from the prior month indicated that the Chinese economy may be easing after a strong first quarter of 2024. 

Non-manufacturing PMI further pointed to slowing growth. The index read 51.2 in April, missing expectations of 52.2 and slowing substantially from the 53.0 seen in the prior month. 

Read more from the original article on here at ng.investing.com.


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