
China's Factory Activity Expands in April, Growth Slows
China's factory activity continued to expand in April, according to Purchasing Managers' Index (PMI) data. While overall activity remained in expansion, some reports indicated a slowdown in growth and softening new orders.
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China factory activity tops expectations in April — but growth slows as new orders soften
The official purchasing managers' index reading of 50.3, was higher than the the 50.1 expected by Reuters-polled economists.
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