01 May 2013 02:31 [Source: ICIS news]
SINGAPORE (ICIS)--China’s purchasing managers’ index (PMI) fell to 50.6 in April from a 11-month high of 50.9 in March, official data from China Federation of Logistics and Purchasing (CFLP) showed on Wednesday.
This is the seventh consecutive month the PMI data has remained at above 50, according to CFLP.
A PMI reading at above 50 indicates expansion, whereas a reading below 50 means contraction.
China’s PMI is based on a survey of 820 manufacturers in the country.
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