China’s manufacturing PMI stands at 51.2 pct in April | Touch Latest Local,World,Tech,Entertainment,Health,Sport News
25 September 2017 00:00:00 AM Breaking News


China’s manufacturing PMI stands at 51.2 pct in April

China‘s manufacturing sector continued to expand in April, with its purchasing managers’ index (PMI) reaching 51.2 percent in April, though at a slower pace, according to China Federation of Logistic and Purchasing and China National Bureau of Statistics on Sunday.

Although the index in April slightly fell 0.6 percentage point from March, it is still in the expansion range.

“The PMI in April, in general, reflects that the Chinese economy keeps a steady growth in the range, reaching 51.2 percent. Although it fells, it shows a kind of structural adjustment,” said Cai Jin, vice president of China Federation of Logistic and Purchasing.

It was learned that the falls of the PMI mainly was affected by the essential raw material sector, especially the high energy-consuming industry, which had a dramatic decline.

Apart from the fall, the PMI rose steadily in the equipment manufacturing industry and consumable industry, and it kept a relatively high level in the high technology industries. From the point of view of business operation, the PMI in small enterprises showed a significant rebound.

“Most enterprises are still in the expansion range through investigation. The PMI of the small enterprises rose for two consecutive months, including April, reaching 50 percent. The producing and operating status of the small enterprises will get much better,” said Zhao Qinghe, senior NBS statistician of the service sector.

A PMI reading above 50 indicates an expansion, while one below 50 points a contraction.



Related Posts

Tunde Ednut mocks TBoss' brother after allegations of him being a woman beater emerges, he responds

Earlier today, some people on Instagram stormed thecomment section of TBoss’s

Read More

Wanna cry virus

the new dangerous virus

Read More

NASA Is Ready To Give You $30000 If You Take This Awkward Challenge

When discussing NASA and especially its problems, we know that the ordinary

Read More

15 Amazing Facts About Ivanka Trump You Didn't Know, #11 Is Unusual

Ivanka Trump is the eldest daughter of US President Donald Trump and has been

Read More

'I have nothing now', says Somali mother-of-seven who lost entire family in search for food and water

When Suray Mohamed left her village in search of food and water a few weeks

Read More

Zola quits Birmingham

Gianfranco Zola has resigned as Birmingham City manager following Monday’s h

Read More

Photo: Ugandan Female Student Seriously Injured After She Jumped From 4th Floor Of Hostel To Escape Rape

A second-year female student of Makerere University sustained multiple fractur

Read More

Art teacher begs govt. for better remunerations

An artist, Chika Idu, has identified poor motivations and remunerations from t

Read More

6 ways to know she wants to have sex with YOU!

It's a complicated land filled with mines and IED's that it is to be trended s

Read More

Also Read

80’s Teen Idols Who Still Rock Hollywood

Many teen stars peak when they’re young, but some craft Hollywood lives for th

Read More

Why can't I lose weight? 5 reasons your diet isn't working

Losing weight isn’t easy and dieters often fail multiple times befor

Read More

'Personal flying machine' maker plans deliveries this year

WASHINGTON: A Silicon Valley "flying car" startup, Kitty Hawk, reportedly backed

Read More

Why did we see the dress differently? The answer lies in the shadows, new research finds

When 'the dress went viral in 2015, millions were divided on its true colors: go

Read More

British and Irish Lions beaten 23-22 by Highlanders in Dunedin

Highlanders v British and Irish LionsHighlanders (10) 23Tries: Naholo, Coltman C

Read More

Chemicals spill at Tesla battery factory, no serious injuries

A hazardous material spill at Tesla’s Gigafactory battery plant in Nevada on M

Read More

Erdogan wins Turkey referendum

Turkish President Recep Tayyip Erdogan has claimed victory in the referendum on

Read More

I didn’t dump Bisola at the altar – BBN star’s baby daddy Sunday, April 16, 2017

The second edition of the Big Brother Naija reality show ended last week but t

Read More

Amazon Adds Show to Echo's Tell

Echo isn't just for sound anymore. Amazon on Tuesday announced Echo Show, a new

Read More

Dirty Talk 101: 10 things your partner wishes you would say

Telling your partner these five things is a sure way to spice things up in the b

Read More