Chinese manufacturing index dims growth outlook

no thumb

China’s official factory and services gauges pulled back from multi-year highs, dimming the outlook for the sustainability of the past two quarters’ acceleration in economic growth.
The manufacturing purchasing managers index fell to 51.2 in April from an almost five-year high of 51.8 in March, missing the median estimate of 51.7 in a Bloomberg survey and falling short of all projections.
Non-manufacturing PMI dropped to a six-month low of 54 from 55.1 last month. But both…

The author