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Looking at the breakdown of the..........>

CHINA DATA
CHINA DATA: Looking at the breakdown of the Chinese Apr Caixin Manufacturing PMI
release:
- Output expands at slightly faster, albeit still modest, pace.
- Slower increase in total new work amid renewed decline in export sales.
- Staff numbers continue to fall, despite further rise in backlogs.
- The most interesting point was that "overall, operating conditions across
China's manufacturing sector continued to improve in April. But uncertainty in
exports has increased significantly, and the dependence of the Chinese economy
on domestic demand is rising."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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