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CN Apr Official Non-Mfg PMI Falls to 51.2, vs 52.3 in Consensus
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The Service Survey Center with China's National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) announced the operation status of China's non-manufacturing industry Purchasing Managers' Index (PMI). In April, the non-manufacturing PMI was 51.2, missing the market's expectation of 52.3, representing a decline of 1.8 ppts compared from the previous month, but still ahead of the tipping point, indicating that the non-manufacturing sector continued its expansion trend. AAStocks Financial News |
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