China’s Factory Activity Contracts for Fourth Month

China’s factory activity remained stuck in contraction for a fourth straight month in April, the final Markit/HSBC Purchasing Managers’ Index (PMI) showed on Monday.

The PMI came in at 48.1, lower than the 48.3 flash reading, and staying below the 50-mark that separates expanding activity from a contraction.

The latest data paint a much more bearish picture of the manufacturing sector than the official PMI released by the National Bureau of Statistics last week, which crept up to 50.4 from 50.3 in March.

CNBC

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