China Sales Index Falls to 22-Month Low During April Lockdowns
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China’s economic activity took a dramatic hit in April, according to a survey of sales managers that offered an early indication of how badly expansive Covid lockdowns weighed on industry this month.
The Sales Managers Index fell to 49.2, a 22-month low, from 51.8 in March, World Economics Ltd. said Thursday. The SMI surveys sales managers across both manufacturing and services sectors.