PMI rises for sec­ond con­sec­u­tive month

China Daily (Canada) - - NEWSCAPSULE -

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.

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