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02 May
15:45

Chinese manufacturing slows sharply

China’s manufacturing purchasing managers’ indices (PMIs) fell in April, indicating a slowdown in manufacturing much quicker than many analysts had expected. The decline fits however with reports from the automotive and white goods sectors monitored by Kallanish. The official manufacturing PMI published by the National Bureau of Statistics (NBS) dropped to 51.2 from 51.8 in March, hitting its lowest level since October. Although there was a slight de…
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