China Factory Activity Exceeds Expectations in April, But Growth Slows Due to Decline in New Orders
China's manufacturing PMI rose to 50.3 in April, surpassing expectations but indicating slower growth compared to the previous month. The non-manufacturing PMI fell to 49.4, signaling contraction, while the composite PMI also declined. The data highlights a mixed economic picture with signs of weakening demand.
Topics: China PMI economic growth manufacturing non-manufacturing trade relations