TeleTrade - Analytics

    TeleTrade

    690.50 6.50/10
    81% of positive reviews
    Real

    03.05.2016 08:23 Chinese Markit/Caixin manufacturing PMI decreases to 49.4 in April

    The Chinese Markit/Caixin manufacturing PMI fell to 49.4 in April from 49.7 in March. The decrease was driven by declines in total new orders and new export work. Output was little-changed, while employment continued to decline.

     

     

    "The fluctuations indicate the economy lacks a solid foundation for recovery and is still in the process of bottoming out," Dr. He Fan, Chief Economist at Caixin Insight Group, said.

     

     

    "The government needs to keep a close watch on the risk of a further economic downturn," he added.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree