China’s manufacturing activity improved for a fifth straight month in April, signaling that economic conditions at factories were stabilizing, according to the result of an official survey released Tuesday.
The Purchasing Managers’ Index (PMI) rose to 53.3 in April, up from 53.1 in March and 51.0 in February, according to data from the China Federation of Logistics & Purchasing.
China's official April PMI rises to 53.3 vs. expectations of 53.5 and 53.1 previously. The print is well above last week's HSBC "flash" PMI of 49.1 (HSBC's final April read will be released tomorrow).
The Purchasing Managers’ Index (PMI) rose to 53.3 in April, up from 53.1 in March and 51.0 in February, according to data from the China Federation of Logistics & Purchasing.
China's official April PMI rises to 53.3 vs. expectations of 53.5 and 53.1 previously. The print is well above last week's HSBC "flash" PMI of 49.1 (HSBC's final April read will be released tomorrow).
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/
