China's manufacturing activity contracted for the first time in three months in April reflecting a renewed drop in new business and employment, survey data released by S&P Global showed on Thursday.
The Caixin manufacturing Purchasing Managers' Index dropped to 49.5 in April from 50.0 in March. The reading fell below 50.0-mark that separates expansion and contraction.
The score signaled the first contraction in the manufacturing sector in three months.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.