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 Exports Growth Accelerates Sharply
China's exports growth accelerated markedly in May despite escalating trade tensions, official data revealed on Friday. Exports posted an annual growth of 7.6 percent following a 1.5 percent rise in April, the Customs Administration reported today. Shipments were forecast to grow 6.0 percent.
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China Service Sector Posts Fastest Growth In 10 Months
China's service sector growth accelerated to a ten-month high in May on strong new business inflows, survey results from S&P Global revealed on Wednesday. The Caixin services Purchasing Managers' Index climbed to 54.0 in May from 52.5 in the previous month. The score signaled that the sector expanded for a seventeenth consecutive month and at the strongest pace since July 2023.
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China Service Sector Accelerates In May - Caixin
The services sector in China continued to expand in May, and at a faster pace, the latest survey from Caixin revealed on Wednesday with a services PMI core of 54.0.
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China Manufacturing Logs Fastest Growth In Nearly 2 Years
China's manufacturing sector logged the fastest growth in nearly two years in May as production growth accelerated amid rising new orders, final survey results from S&P Global showed on Monday. The Caixin manufacturing Purchasing Managers' Index rose to 51.7 in May from 51.4 in the previous month.
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China Manufacturing Sector Picks Up Steam In May - Caixin
The manufacturing sector in China continued to expand in May, and at a faster pace, the latest survey from Caixin revealed on Monday with a manufacturing PMI score of 51.7.
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China Manufacturing Sector Falls Into Contraction - NBS
The manufacturing sector in China slipped into contraction territory in May, the latest survey from the National Bureau of Statistics showed on Friday with a manufacturing PMI score of 49.5.
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IMF Raises China Growth Outlook On Strong Q1 GDP, Policy Measures
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China Keeps Lending Rates Unchanged As Expected
China central bank retained its benchmark lending rates as expected on Monday after the government rolled out measures to support the property market. The People's Bank of China left the one-year loan prime rate unchanged at 3.45 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was maintained at 3.95 percent.
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