2023-04-30 01:50:29
BEIJING, April 30 (Archyde.com) – China’s manufacturing activity unexpectedly shrank in April, underscoring the difficulties facing China’s economy following the coronavirus pandemic, as weak global demand and slowing global real estate sector persist.
According to official data published on Sunday, the manufacturing PMI index stood at 49.2 in April against 51.9 the previous month, above the threshold of 50 which separates contraction and expansion of activity.
Analysts polled by Archyde.com on average expected an index of 51.4.
Separately released data from the National Bureau of Statistics (BNS) indicates that activity in the services sector grew at a slower pace in April.
The official services PMI came in at 56.4 in April from 58.2 in March.
The official composite PMI, which combines the two sectors, rose to 54.4 in April from 57.0 the previous month.
(Report Ellen Zhang, Roxanne Liu and Ryan Woo; French version Camille Raynaud)
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