Thread by @Sino_Market

⚡JUST IN
#China April official #PMI
Manufacturing PMI 49.2 [Est.51.4 Prev.51.9]
Non-Manufacturing PMI 56.4 [Est.57 Prev.58.2]
Composite PMI 54.4 [Prev.57]
#manufacturing #EconTwitter 🇨🇳 1/

NBS: The PMI for China's manufacturing sector decreased by 2.7 PPs m/m, falling into the contraction zone after running above 50% for three consecutive months.
However, the financial situation of enterprises has improved, and enterprises are relatively optimistic about future.
2/

NBS: the new export order index was 47.6%, -2.8 PPs m/m, with two consecutive months of significant declines.
Surveys show that the proportion of companies reflecting insufficient market demand was 56.9%, an increase of 1.6 PPs m/m, reaching a new high in 36 months.
3/

NBS: Both price indices for the metal smelting and rolling processing industry have fallen below 30.0%. Due to large fluctuations in price levels, enterprise purchasing willingness has weakened, and this month's purchasing volume index has fallen to 49.1%.
4/ #China #metal

The business activity index for the civil engineering & construction industry continues to be above 70.0%, indicating that major construction projects proceed in an orderly manner.
The business activity expectation index is 64.1%, +0.4 PPs m/m, outlook is positive. 5/ #China