China Manufacturing PMI Slows To 50.4 In April - NBS
(RTTNews) - The manufacturing sector in China continued to expand in April, albeit at a slower pace, the National Bureau of Statistics said on Tuesday with a manufacturing PMI score of 50.4.
That exceeded expectations for a score of 50.3 but was still down from 50.8 in March, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
The NBS also said that its non-manufacturing PMI posted a score of 51.2 - missing forecasts for a score of 52.2 and down from 53.0 in the previous month.
The composite PMI came in with a score of 51.7, down from 52.7.
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China Industrial Output Gains Strength; Retail Sales & Investment Data Disappoints
China's industrial growth accelerated in April driven by robust exports but softening growth in retail sales and fixed asset investment reflects an uneven economic recovery necessitating more efforts from the part of the government to achieve the official growth target. Industrial production registered an annual increase of 6.7 percent after rising 4.5 percent in March.
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7h 13min ago
China Keeps Lending Rate Unchanged As Expected
China's central bank left its medium-term lending facility rate unchanged on Wednesday as policymakers focus more on the currency stabilization. The People's Bank of China conducted the CNY 125 billion of one-year MLF facility. The rate on the MLF was retained at 2.5 percent. The MLF usually acts as a guide to the loan prime rate fixing.
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2 days ago
China Exports & Imports Rebound In April
China's exports and imports rebounded more than expected in April after a weak trade data in the previous month that boost hopes that net trade would support economic growth, official data revealed Thursday. Largely due to the lower base of comparison, exports advanced 1.5 percent on a yearly basis in April, the customs office reported. This was faster than the 1.0 percent expected growth and rev
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8 days ago
China Service Sector Growth Moderates In April
China's service sector continued to expand in April but the pace of growth moderated slightly, survey results from S&P Global showed on Monday. The Caixin services Purchasing Managers' Index fell to 52.5 in April from 52.7 in the previous month. A reading above 50.0 indicates expansion in the sector. The official PMI survey results also showed that the private sector growth moderated in April.
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11 days ago
China Services Sector Ebbs In April - Caixin
The services sector in China continued to expand in April, although at a slower pace, the latest survey from Caixin revealed on Monday with a services PMI score of 52.5.
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11 days ago
China Manufacturing Sector Accelerates In April - Caixin
The manufacturing sector in China continued to expand in April, and at a faster pace, the latest survey from Caixin said on Tuesday with a manufacturing PMI score of 51.4.
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17 days ago
China Keeps Lending Rates Unchanged As Expected
China maintained its benchmark lending rates unchanged as expected after the economy showed signs of improvement at the start of the year. At a monthly fixing on Monday, the People's Bank of China kept the one-year loan prime rate at 3.45 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.95 percent.
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25 days ago
China GDP Growth Tops Expectations In Q1
China's economy posted a stronger-than-expected growth in the first quarter as strong exports on the back of weaker currency helped to counteract the downturn in the property market. Gross domestic product grew 5.3 percent on a yearly basis in the first quarter, the National Bureau of Statistics reported Tuesday. The growth rate exceeded both expectations of 5.0 percent and the previous quarter'
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31 days ago
