(Yicai Global) April 30 -- China’s two official purchasing managers’ indexes suggested the recovery in factory activitu slowed this month after double-digit rebounds in March.
The manufacturing PMI was 50.8, 1.2 points lower than in March, the National Bureau of Statistics said today. The non-manufacturing PMI was up 0.9 point to 53.2. A reading above 50 signals expansion, below indicates contraction.
Among the five sub-indexes of the manufacturing PMI, only the raw materials benchmark was below 50. Meanwhile, gauges for production, new orders, employment, and supplier delivery times were rising.
Within the 21 surveyed sectors, nine expanded, including food, liquor, tea, car manufacturing, and oil processing, but textiles, chemical products, paper, and printing underperformed, said Zhao Qinghe, a senior statistician with the NBS.
Editor: Emmi Laine