China April manufacturing activity drops to year low: HSBC

Source: Xinhua | April 23, 2015, Thursday |

Online Edition

Manufacturing activity in April fell to a 12 month low at 49.2, according to HSBC's preliminary purchasing managers' index released on Thursday.

The HSBC/Markit flash China manufacturing output index posted 50.4 this month, a three-month low, data company Markit said in a statement.

A reading above 50 indicates expansion, while a reading below 50 represents contraction.

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