China’s April official PMI to show recovery stabilising

China’s factory activity in April probably expanded at its fastest pace in 12 months, shoring up expectations that China’s economic recovery is stabilising into the second quarter, a Reuters poll found.

The median forecast from a Reuters poll of 15 economists showed China’s official manufacturing managers’ index (PMI) in April may have risen to 51.0 from March’s 50.9.

That suggests a recovery in China’s vast manufacturing sector gathered momentum on the back of a revival in domestic demand, according to analysts.

via Business feed http://www.scmp.com/business/economy/article/1223726/chinas-april-official-pmi-show-recovery-stabilising