Arab Today, arab today china manufacturing business sentiment holds firm
Last Updated : GMT 21:10:13
Arab Today, arab today
Arab Today, arab today

China manufacturing business sentiment holds firm

Arab Today, arab today

Arab Today, arab today China manufacturing business sentiment holds firm

Chinese manufacturing activity showed a second month of moderate optimism in April
Beijing - SPA

Chinese manufacturing activity showed a second month of moderate optimism in April, while the non-manufacturing sector showed a slight dip in confidence but stayed positive, official data showed on Friday.

The state-sanctioned purchasing managers' index (PMI) for April held at 50.1 in the manufacturing sector, matching its index of 50.1 in March, and up from 49.9 in February.

A figure above 50 generally means a positive outlook in the manufacturing sector, while below 50 is taken as a negative reading.

China's service sector activity also showed positive sentiment in April, but less than in previous months, dpa quoted a report released by the National Bureau of Statistics and the China Federation of Logistics and Purchasing as saying.

The purchasing managers' index (PMI) for the non-manufacturing sector fell to 53.4 in April from 53.7 in March and 53.9 in February, state media reported.

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