Manufacturing PMI edges down in April

Time:2020-04-30 12:36:11      Source:ChinaDaily.com
China's official purchasing managers index (PMI) for the manufacturing sector edged down in April, pointing to a continued but slower pickup in economic activity.
 
The manufacturing PMI came in at 50.8 this month, marking the second consecutive month for the index to stand above 50 after the COVID-19 outbreak, the National Bureau of Statistics said on Thursday.
 
A reading above 50 indicates expansion on a monthly basis, while a reading below reflects contraction.
 
The expansion of the manufacturing sector has slowed this month as the reading was down from 52 in March, the bureau reported.
 
Zhao Qinghe, an NBS senior statistician, said the business conditions faced by manufacturers continued to improve this month as economic orders accelerated to get back to normal.
 
But Zhao noted that demand has recovered slower than production and uncertainty in foreign trade is on the rise.
 
The subindex for new orders dropped to 50.2 from 52 a month earlier, while the gauge for new export orders reported a steeper slip of 12.9 percentage points to 33.5.
 
The official non-manufacturing PMI improved in April and stood at 53.2, versus 52.3 in March, indicating a quicker pace of recovery in the services and construction sectors, according to the NBS.
 
The privately surveyed Caixin China General Manufacturing PMI dropped into the contraction territory and stood at 49.4 this month, versus 50.1 in March, according to media group Caixin on Thursday.
 
 
 
Index RMB/t DoD Basis Date
Datong 5500 455 0 ex-mine 07-01
Shuozhou 5200 445 0 FOR 07-01
Ordos 5500 420 0 ex-mine 07-01
Yulin 6200 540 0 ex-mine 07-01
Liulin Low-sulphur 565 0 ex-mine 07-01
Gujiao Low-sulphur 1095 0 FOR 07-01
Xingtai Low-sulphur 1210 0 ex-Factory 07-01
Yangquan PCI 795 0 FOR 07-01
Index RMB/t WoW WoW% Date
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