China's Manufacturing PMI in April at 50.8... Slight Decline from Previous Month

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] China's National Bureau of Statistics announced on the 30th that the manufacturing Purchasing Managers' Index (PMI) for April was recorded at 50.8.

This is a slight decrease from 52.0 in the previous month.

The PMI, which indicates manufacturing business trends, signifies economic expansion when it exceeds the baseline of 50, and economic contraction when it falls below.

The PMI is calculated based on corporate surveys regarding new orders, shipments, inventory levels, and other factors.

China's monthly PMI hit a record low of 35.7 in February, when the spread of the novel coronavirus disease (COVID-19) was at its peak and economic activities across the country were paralyzed, but successfully rebounded in March.

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