China saw its manufacturing growth slow in April
By SOPHIE CHAPMAN
China’s manufacturing activity slowed in the month of April, according to the official Purchasing Managers’ Index (PMI).
April’s PMI reading dropped to 51.4 from 51.5 in March, which is anticipated to be linked to it’s trade issues with the US.
This still remained above the 50-point threshold that separates growth from contraction for the 21st consecutive month.
Reuters reported a forecast from analysts surveyed, suggesting the reading with be as low as 51.3.