China's manufacturing PMI down in April
Release time：2024-05-03 15:29:06 Source：Planet Patch news portal
-
BEIJING, April 30 (Xinhua) -- Official data showed Tuesday that the purchasing managers' index (PMI) for China's manufacturing sector was 50.4 in April, down from 50.8 last month. A reading above 50 indicates expansion, while a reading below 50 reflects contraction. The manufacturing PMI reading has maintained expansion for two consecutive months, indicating the continuous recovery of the sector, said Zhao Qinghe, a senior statistician of the National Bureau of Statistics (NBS). Zhao said enterprise production accelerated, and the production index rose 0.7 points to 52.9, the highest since April 2023. Market demand continued to expand, said Zhao, citing that the new orders index came in at 51.1. He said enterprises of different scales all saw their PMI above the boom-bust line this month, with the readings for large, medium-sized, and small enterprises at 50.3, 50.7, and 50.3, respectively. Zhao also pointed out that new economic drivers maintained brisk expansion. In April, the readings for equipment manufacturing and high-tech manufacturing stood at 51.3 and 53, respectively. Market sentiment in the manufacturing sector remained stable as the sub-reading for business expectations stood at 55.2, according to the NBS.
（Editor:Fu Bo）
- Previous：China's trade with other BRICS members up 11.3 pct in Q1
- Next：Liberia passes a law setting up a long
Related articles
- China's new energy competitiveness honed through genuine expertise
- EU approves artificial intelligence law
- China story is of benefiting the world, Wang Yi says
- China prepares to boost multiple sectors to help develop innovative talent
- Midea reports 10% revenue increase in Q1
- Beijing urges respect in South China Sea dispute
- National security bill comes into law on March 23
- U.S. chip firms urge Biden administration to approve sales to China as ban backfires
- Winter tour in Guizhou
- Resolving border issue 'in common interest' of China and India: Chinese FM
- PSG defender Hernandez needs surgery after rupturing ACL and set to miss Euro 2024
- China advocates for equal and orderly multi
- China releases full text of government work report
- China conducts in
- Britney Spears reaches divorce settlement with estranged husband Sam Asghari
- China, UN co
- Deputies urged to help advance modernization
- China firmly opposes Taiwan politician's official contacts with Czech: Chinese FM
- 20th CPC Central Committee to hold 3rd plenary session in July
- China's experience with gender equality shared at UN
Random recommendation
Mainland a hot holiday attraction for HK touristsAir travel surges thanks to Spring Festival and visa policiesChina launches new remoteElectric tricycles now welcomed in overseas marketChina's beverage industry records solid growth in 20213 scientists share 2022 Nobel Chemistry PrizeChina's Huawei to launch HarmonyOS for smartphonesXi Congratulates Muizzu on Election as Maldives PresidentAir travel surges thanks to Spring Festival and visa policiesChina prepares to launch space station core module
- Copyright © 2024 Powered by China's manufacturing PMI down in April ,Planet Patch news portal sitemap