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Chinese Manufacturing Hits 12-Month Low: U.S. Grows, But at a Slower Rate

Posted by Paul Tate on Apr 28, 2015

Connected_Map.jpgThe latest figures measuring manufacturing activity during April suggest China’s industrial sector has hit its lowest level of performance for the last year, adding further pressure on the Chinese government to find ways of boosting economic growth.

The Chinese flash HSBC/Markit Purchasing Managers’ Index (PMI) for April, released last week, records a PMI figure of 49.2, dipping further into contraction from its 49.6 level in March, and down markedly from its 50.7 level in February.

A PMI figure above 50 marks expansion; below 50 signifies contraction.

Markit economist Annabel Fiddes noted that China’s manufacturing sector has continued to be hit by weak demand, falling prices and falls in employment.

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