China April Manufacturing PMI 51.1...Below Expectations
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[Asia Economy Reporter Kwon Jaehee] China's National Bureau of Statistics announced on the 30th that the Manufacturing Purchasing Managers' Index (PMI) for April was recorded at 51.1.
This is a slight decrease from the previous month's 51.9. It was also below the forecast of 51.8.
The PMI index, which indicates manufacturing business trends, signifies economic expansion when it exceeds the baseline of 50, and economic contraction when it does not.
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The PMI index is calculated based on corporate surveys regarding new orders, shipments, inventory levels, and more.
This content was produced with the assistance of AI translation services.
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