China’s April PMI Fell

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Image: Easyturn/iStock

While China showed signs of mild expansion last month, its PMI in April fell to 50.1 from the previous month’s 50.5, according to the country’s statistics bureau.

Reuters in a report said analysts it surveyed had forecast the PMI would be unchanged from March’s reading.

The country’s private Caixin/Markit factory PMI for April was also released after the official one,.

The Caixin PMI for the month is 50.2, lower than March’s 50.8.

In Q1, China had 6.4% growth, beating analyst forecast of a slowdown and fueling hopes that the economy started to stabilize.

 

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