Caixin China manufacturing PMI declines to 50.2 in April

Tuesday, 07 May 2019 10:42:25 (GMT+3)   |   Shanghai
       

In April, the China Caixin Manufacturing Purchasing Managers Index (PMI) indicated a final reading of 50.2, compared to the final reading of 50.8 for March, as announced by Beijing-based Caixin media group. 

Zhong Zhengsheng, chief economist with China Economic and Business Monitor (CEBM), part of Caixin Insight Group, pointed out that China’s economy show resilience in April, though economic growth has not reached an “upward turning point”. He said he expects that China’s economy will likely face downward pressure in the second quarter of the year. 

Meanwhile, as announced by China's National Bureau of Statistics (NBS), the purchasing managers' index (PMI) for China’s manufacturing sector was at 50.1 percent in April, up 1.3 percentage points compared to the previous month.


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