2023-04-30 07:06:18
BEIJING, April 30 (Xinhua) — Official data released by the National Bureau of Statistics on Sunday showed that the purchasing managers’ index for China’s manufacturing sector registered 49.2 in April, down from 51.9 in March.
An index reading above 50 indicates expansion, while a reading below reflects contraction.
Zhao Qinghe, chief statistician of the authority, said the index reading for April was affected by insufficient market demand and the high basis in the first quarter of this year.
Breaking down the headline number, the production index and the new orders index were 50.2 and 48.8, respectively.
The PMIs for equipment manufacturing, consumer products industry, and high-tech industry were 50.1, 49.8, and 49.3, respectively.
Market sentiment remained stable, with a sub-reading of business expectations coming in at 54.7, Zhao added.
Data released today also showed that China’s non-manufacturing purchasing managers’ index came in at 56.4 in April, down from 58.2 in March.
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