https://sputnikglobe.com/20220430/chinese-manufacturing-index-falls-to-474-in-april-1095167308.html
Chinese Manufacturing Index Falls to 47.4% in April
Chinese Manufacturing Index Falls to 47.4% in April
Sputnik International
Chinese Manufacturing Index Falls to 47.4% in April
2022-04-30T12:20+0000
2022-04-30T12:20+0000
2022-04-30T12:22+0000
china
industry
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When the PMI figure is above 50%, this indicates an increase in financial activity, and when it is lower, it means the activity has slowed down.The PMI fell by 2.1% in April, the statement said. PMI of large enterprises in April amounted to 48.1%, a 3.2% fall compared to March, while PMI of medium and small enterprises slowed down by 1%, reaching 47.5% and 45.6%, respectively.Manufacturing PMI is calculated from five key indicators, including the index of production, the index of new orders, the index of raw materials stocks, the index of employment, and the index of supplies of raw materials. All these figures decreased by an average of 4.5% in April.The PMI in the non-manufacturing sector of China fell to 41.9% in April, a 6.5% fall compared to March.China has been facing a new surge in COVID-19 cases since early March, prompting Beijing to enforce lockdowns in several regions.
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chinese manufacturing index falls to 47.4% in april
chinese manufacturing index falls to 47.4% in april
Chinese Manufacturing Index Falls to 47.4% in April
12:20 GMT 30.04.2022 (Updated: 12:22 GMT 30.04.2022) BEIJING (Sputnik) - China's manufacturing Purchasing Managers' Index (PMI) fell to 47.4% and remained below the psychological mark of 50% in April amid the ongoing lockdown in Shanghai due to COVID-19, the Chinese National Bureau of Statistics said on Saturday.
When the PMI figure is above 50%, this indicates an increase in financial activity, and when it is lower, it means the activity has slowed down.
The PMI fell by 2.1% in April, the statement said. PMI of large enterprises in April amounted to 48.1%, a 3.2% fall compared to March, while PMI of medium and small enterprises slowed down by 1%, reaching 47.5% and 45.6%, respectively.
Manufacturing PMI is calculated from five key indicators, including the index of production, the index of new orders, the index of raw materials stocks, the index of employment, and the index of supplies of raw materials. All these figures decreased by an average of 4.5% in April.
The PMI in the non-manufacturing sector of China fell to 41.9% in April, a
6.5% fall compared to March.China has been facing a new surge in COVID-19 cases since early March, prompting Beijing to enforce lockdowns in several regions.
