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China's manufacturing weakens, but at slower pace: HSBC
Source: Xinhua |
May 5, 2014, Monday
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Online Edition
Online Edition
CHINA'S manufacturing activity continued to contract in April, but at a slower pace, according to HSBC's purchasing managers' index (PMI) released today.
The HSBC/Markit China PMI -- a composite indicator designed to provide a snapshot of operating conditions in the manufacturing sector-- stood at 48.1 in April, down fractionally from the earlier flash reading of 48.3, but up from 48.0 in March, said data company Markit in a statement.
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