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China HSBC Manufacturing PMI Rises In April

An indicator of China's manufacturing sector performance increased in April, suggesting a slower decline in activity compared to March, a survey by Markit Economics showed Monday.

The Markit/HSBC purchasing managers' index rose to 49.1 in April from 48.3 in March. However, the reading below 50 still indicated a contraction in activity.

The manufacturing output index also remained below the neutral mark at 49.1, up from 47.3 in March. The rate of decline in overall new orders and new export orders eased in April, according to the report.

by RTTNews Staff Writer

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