PMI rises for second consecutive month
China’s manufacturing growth continued to rise in April, fresh evidence of better performance in the manufacturing sector, official data showed.
The purchasing managers’ index (PMI) for the manufacturing sector rose to 50.4 last month, up from 50.3 in March, according to a statement jointly released by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing.
It was the second consecutive monthly increase of the widely watched data. The index began to climb in March after three months of declines.
The latest index shows that China’s market demand is improving, but the momentum of the recovery is not strong, said Zhao Qinghe, a senior analyst with the NBS.