Manufacturing Picks Up, Caixin Index Shows
Manufacturing activity in China expanded at a slightly quicker pace in April as production improved in spite of a contraction in exports due to ongoing Sino-U.S. trade tensions, a Caixin survey showed Wednesday.
The Caixin China General Manufacturing Purchasing Managers’ Index (PMI), a composite indicator that gives a snapshot of operating conditions in the country’s manufacturing sector, rose to 51.1 in April, up from a four-month low of 51 the previous month.
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