Down­turn Eas­ing, Man­u­fac­tur­ing Up

The Economic Times - - Commodities Plus -

China’s man­u­fac­tur­ing sec­tor likely ex­panded mod­estly in April for the sec­ond month in a row, a Reuters poll showed, adding to hopes that a pro­longed down­turn in the world’s sec­ond-largest econ­omy is eas­ing. The of­fi­cial man­u­fac­tur­ing Pur­chas­ing Man­agers’ In­dex (PMI) is ex­pected to rise to 50.4 in April from 50.2 in March, ac­cord­ing to a me­dian fore­cast of 28 econ­o­mists polled. Such a level would be the high­est since Oc­to­ber 2014. —REUTERS

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