China's manufacturing activity unexpectedly shrank in April, official data showed on Sunday, raising pressure on policymakers seeking to boost an economy struggling for a post-COVID lift-off amid subdued global demand and persistent property weakness.
The official manufacturing purchasing managers' index declined to 49.2 from 51.9 in March, according to data from the National Bureau of Statistics, below the 50-point mark that separates expansion and contraction in activity on a monthly basis.and marked the first contraction since December, when the official manufacturing PMI was at 47.0.in the first quarter thanks to robust services consumption, but factory output has lagged amid weak global growth.
"A lack of market demand and the high-base effect from the quick manufacturing recovery in the first quarter" were among factors that led to the contraction in April, said senior NBS statistician Zhao Qinghe.The manufacturing sector, which employs about 18% of China's workforce, remains under pressure due to slack global demand.
Despite the recent strength in consumption, the non-manufacturing PMI edged down to 56.4 versus 58.2 in March.
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China manufacturing unexpectedly cools in April - official PMIChina's manufacturing activity unexpectedly shrank in April, official data showed on Sunday, raising pressure on policymakers seeking to boost an economy struggling for a post-COVID lift-off amid subdued global demand and persistent property weakness.
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