China, manufacturing sector: slow growth in April

03/05/2019

 

The purchasing managers’ index for the country’s manufacturing sector reached 50.1 in April

 

The manufacturing sector in China continues its growth but does so more slowly. In fact, according to the latest data, the growth of manufacturing activity in China has eased in April, but has remained within the expansion rents.

With this result, as confirmed by data from the National Statistical Office in recent days, a stable degree of confidence was reached for the Asian country and the purchasing managers’ index for the country’s manufacturing sector reached 50, 1 in April, slightly down compared to 50.5 in March. A reading above 50, it should be remembered, indicates expansion; below, it reflects the contraction.

 

The figures are slightly lower than in March

 

Senior NBS official Zhao Qinghe said in a statement that the activity of the factories continued to expand steadily in April, with the sub-indices for production and new orders standing at 52.1 and 51.4 respectively. The readings are slightly lower than those of March, but are higher than the average for the first quarter.

Zhao said: “Market demand is driving stable production growth“. The official also added that there is strong growth in emerging sectors, such as high technology and equipment production, which have contributed to constant performance.

 

MORE ON THIS TOPIC

Leave a Reply

Your email address will not be published. Required fields are marked *