Economic highlights for this week
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Follow the stock market. Get the updates you need to make sense of the dynamic, global economy. China.org.cn brings you the economic highlights for this week:
1. April PMI falls half a percent to 52.9%
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China's PMI stood at 52.9 percent in April, marking the 25th consecutive month to remain above 50 percent. |
China's Purchasing Managers' Index (PMI) dropped half of a percentage point from March to 52.9 percent, according to April data released by the China Federation of Logistics and Purchasing, remaining above 50 percent for the twenty-fifth consecutive month. The figure provides a general measure of industrial activity, with a PMI greater than 50 indicating expansion. April's number came in below market predictions. Analysts had projected April PMI to rise to 53.9.
