Trade Resources Economy PMI for China's Manufacturing Sector Was at 50.4 Percent in April of The Current Year

PMI for China's Manufacturing Sector Was at 50.4 Percent in April of The Current Year

The purchasing managers' index (PMI) for China's manufacturing sector was at 50.4 percent in April of the current year, up 0.1 percentage point compared to March, constituting the second consecutive month-on-month rise by 0.1 percentage point, according to China's National Bureau of Statistics (NBS).

In the given month, the production index for China's manufacturing sector was down 0.2 percentage points month on month to 52.5 percent, while the new order index for the sector increased by 0.6 percentage points compared to the previous month to 51.2 percent. In April, the new export order index for the Chinese manufacturing sector decreased by 1.0 percentage point month on month to 49.1 percent, while the import order index for the sector was down by 0.5 percentage points month on month to 48.6 percent.

The raw material inventory index for China's manufacturing sector was at 48.1 percent in April, up 0.3 percentage points compared to the previous month.

Also in April, the employment index for China's manufacturing sector stood at 48.3 percent, remaining stable month on month, while the supplier delivery time index for the sector in question was at 50.1 percent, up 0.3 percentage points, both month on month.

Source: http://www.steelorbis.com/steel-news/latest-news/nbs-chinas-manufacturing-pmi-edges-up-to-504-in-april-826802.htm
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NBS: China's Manufacturing PMI Edges up to 50.4% in April
Topics: Metallurgy