Monday, April 30, 2012

China manufacturing activity expands for fifth month

Workers at a factory in China

China's manufacturing activity has expanded for the fifth month in a row, easing concerns about a sharp slowdown in the world's second-largest economy.

The official Purchasing Manager's Index (PMI) rose to 53.3 in April from 53.1 in March, the statistics bureau said.

China relies heavily on its manufacturing and export sector for growth.

There have been fears that a slowdown in key markets such as the US and Europe might hurt China's economy.

The PMI is a key indicator of manufacturing activity and a reading above 50 shows expansion.



Source & Image : BBC

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