China's manufacturing PMI remains stable in April
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E-mail Xinhua, April 30, 2019
The purchasing managers' index (PMI) for China's manufacturing sector remained stable at 50.1 in April, slightly down from 50.5 in March, the National Bureau of Statistics (NBS) said Tuesday.
A reading above 50 indicates expansion, while a reading below reflects contraction.
Although down from a month ago, the PMI was still the second high since November and stayed above the boom-bust line for two consecutive months, NBS senior statistician Zhao Qinghe said.
High-tech manufacturing continued to lead the trend and imports and exports showed warming signs, he said when elaborating on the economic indicator. "Businesses reported better profit margins...and the performances of small enterprises improved."
The sub-index for production and new orders came in at 52.1 and 51.4 respectively, both showing robust momentum.
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