China April PMI: Factory growth beats expectations at 50.3; services slump to 49.4
Source: SeekingAlpha
2026-04-30 02:00:15 ET
China’s official NBS Manufacturing PMI slightly decreased to 50.3 in April 2026 from March's 50.4, exceeding expectations of 50.1. This indicates the second month of growth, although at a slower rate, aided by increased government spending. Conversely, China’s NBS Non-Manufacturing PMI dropped to 49.4 in April from 50.1 in March, falling short of the expected 49.9, indicating a contraction in the services sector. The NBS Composite PMI Output Index also fell to 50.1 from 50.5, suggesting stagnation in overall business activity. ...
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China April PMI: Factory growth beats expectations at 50.3; services slump to 49.4
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