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
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