China's April Manufacturing PMI Falls Back Into Contraction Amid Trade War
Source: SeekingAlpha
2025-04-30 00:35:00 ET
Summary
- China's official April manufacturing PMI fell to 49.0 from 50.5, marking a 16-month low. The reading was below consensus forecasts of 49.7.
- One of the biggest drops on the month was in new export orders, which fell to 44.7 from 49.0. This illustrates that tariff impacts are starting to register.
- A silver lining was a better-than-expected Caixin PMI read, which surprisingly remained in expansion at 50.4.
- China's official non-manufacturing PMI saw only a modest drop to 50.4 from 50.8. While this was also a little lower than consensus forecasts for 50.6, it managed to avoid contraction for the 28th consecutive month.
By Lynn Song
Manufacturing PMI fell back into contraction as tariffs surged
China's official April manufacturing PMI fell to 49.0 from 50.5, marking a 16-month low. The reading was below consensus forecasts of 49.7. Yet, the range of consensus forecasts was quite a bit wider than normal, given uncertainty over tariffs. Forecasts ranged between 47.5 and 50.5....
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China's April Manufacturing PMI Falls Back Into Contraction Amid Trade War
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