Skip to content
Subscriber Only

China Factory Data Show Global Slump Weaken Nascent Recovery

  • New export orders drop again to lowest since February’s nadir
  • Service and construction sectors continue recovering
Video player cover image
Expect China’s May PMI to Be Below 50, Says Autonomous’s Chu
Updated on

China’s first official data for April suggest the economy has split into two tracks, with a domestic rebound undercut by weak overseas demand.

The official manufacturing purchasing managers’ index slipped to 50.8 from 52 a month earlier, according to data released by the National Bureau of Statistics on Thursday. New export orders plunged to 33.5 and a separate indicator more focused on smaller export-orientated firms returned to contraction.