China's April factory activity grows at slower pace
- Country:
- China
China's manufacturing activity expanded at a slower pace in April, an official factory survey showed on Tuesday, suggesting the sprawling sector started to lose some momentum at the start of the second quarter.
The official purchasing managers' index (PMI) dropped to 50.4 in April from 50.8 in March, above the 50-mark separating growth from contraction, and beat a median forecast of 50.3 slightly in a Reuters poll.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- manufacturing
- china
- PMI
- economy
- growth
- industry
- slowdown
- contraction
- production
- supply chain
Advertisement
ALSO READ
Ind-Ra raises FY25 GDP growth estimate to 7.1 pc: Strong government-private investment propel economic momentum
Sugar industry body ISMA urges Govt to permit 20 lakh tonne sugar exports during 2023-24 marketing year
BSNL to Revolutionize Indian Telecom Industry with Indigenous 4G Services Nationwide in August
Square Yards Witnesses Exponential Growth: Revenue Soars 49% to ₹1,004 Crores; India Business Drives 79% of Total Revenue
Nepal's Population Growth Slumps to Lowest in 80 Years