HomeProduct Complimentary download China Apr official PMI stands at 50.1

China Apr official PMI stands at 50.1

Keyword:
Publish time: 3rd May, 2016      Source: www.cnchemicals.com
Information collection and data processing:  CCM     For more information, please contact us
China’s official manufacturing Purchasing Managers’ Index (PMI) stood at 50.1 in April, easing from March's 50.2 and barely above the 50-point mark that separates expansion in activity from contraction, showed the data from the National Bureau of Statistics on May 1.It showed that activity in China's manufacturing sector expanded for the second month in a row in April, but only marginally. The findings raised doubts about the sustainability of a recent pick-up in the world’s second largest economy.The output and new order sub-index stood at to 52.2 and 51 in April, compared with last month’s 52.3 and 51.4, respectively.The sub-index of new export orders, a proxy for the trade industry, stood at 50.1 in the month, compared with 50.2 in March, data showed.The sub-index for employment edged down 0.3 to 47.8 from the month prior, signaling a slightly faster contraction of labors in manufacturing enterprises.Separately, the private Caixin/Markit purchasing managers' index released on the same day showed factory activity dropped to 49.4 in April from March’s 49.7.The official survey looks more at larger, state-owned firms, while the Caixin survey focuses on smaller firms.