The input prices index declined for the fourth straight month while the output prices index fell for the fifth month running, although both remained above the breakeven point of 50. “The downward pressure on manufacturing gradually emerged in April, with all indicators weakening. The Chinese economy may be starting to embrace a downward trend in the near term as prices of industrial products decline and active restocking comes to an end.
China's Manufacturing PMI fell to 50.3
The Caixin China General Manufacturing PMI was down 0.9 points to 50.3 in April 2017, the lowest point since September. The sub-indexes of output and new business both fell to the weakest levels since September, while the employment index dropped to the lowest in three months. Stocks of finished goods stayed in contraction territory and companies were rather reluctant to restock.
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