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China Manufacturing PMI Slips into Contraction Territory in April, Non-Manufacturing Business Activity Index Stays in Expansion Territory, Official Data Shows
Apr 28, 2023, at 10:41 pm
According to latest data from the National Bureau of Statistics, China’s manufacturing PMI stood at 49.2 in April, down 2.7 points from March.
According to latest data from the National Bureau of Statistics, China’s manufacturing PMI stood at 49.2 in April, down 2.7 points from March. The reading was below 50, indicating that the sector was in contraction territory.
China’s Non-Manufacturing Business Activity Index stood at 56.4% in April, a drop of 1.8 points month-on-month. New order index was 56, also down 1.3 points month-on-month.
