China April HSBC PMI eases to 50.4

China’s factory-sector growth eased in April as new export orders fell for the first time this year, a private survey showed on Thursday, suggesting the euro zone recession and sluggish US demand may be reining in China’s economic recovery.

The final HSBC Purchasing Managers’ Index (PMI) dropped to 50.4 in April from March’s 51.6 and was largely in line with a flash reading last week of 50.5. Fifty divides expansion from contraction on a monthly basis.

via Business feed http://www.scmp.com/business/economy/article/1228213/china-april-hsbc-pmi-eases-504