Manufacturing News

China's manufacturing activity decreased in April

By MarketWatch

May 01, 2019

A gauge of China's factory activity weakened sharply, suggesting that any turnaround in the world's second-largest economy after months of slower growth has yet to take root.

The fall-off in manufacturing activity in April follows a strong showing in March that, along with an uptick in home sales, buoyed growth in the first quarter and brightened the outlook for the Chinese economy. Many economists expected a slight easing of factory activity in April.

Instead, the official manufacturing purchasing managers index slid to 50.1 in April from the six-month high of 50.5 in March, data from the National Bureau of Statistics showed Tuesday.

A separate index released by a private firm showed a similar decline, and measures for production and new orders both softened.

To learn more, read "China's manufacturing activity falters in April" from MarketWatch.

Get breaking industry news delivered right to your inbox.
Sign up for the daily Plant Services Smart Minute newsletter.