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.


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