4/30, 3:03 AM (Source: TeleTrader)
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China's manufacturing activity declines slightly in April

China's Manufacturing Purchasing Managers (PMI) Index decreased by 0.8 points in April compared to the previous month to land at 51.1, missing expectations, the China Federation of Logistics and Purchasing (CFLP) revealed in its report published on Friday.

Meanwhile, the Non-Manufacturing PMI went down by 1.4 points month-on-month to come in 54.9, also below the previously forecast figure.

The report contributed a decline in the country's manufacturing activity largely to the global shortage of semiconductors.

Breaking the News / JR