China’s manufacturing PMI contracts for first time this year

Released over the weekend, China’s official PMI Manufacturing declined from 51.9 in March to 49.2 in April, falling short of expectation of 51.4. This drop also brought the reading below the 50-mark, signaling the first contraction in manufacturing activity this year. A significant contributor to the decline in the headline indicator was the new orders […]

The post China’s manufacturing PMI contracts for first time this year appeared first on Action Forex.