Economic highlights for this week

By Matt Velker
0 CommentsPrint E-mail China.org.cn, May 4, 2011
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Follow the stock market. Get the updates you need to make sense of the dynamic, global economy. China.org.cn brings you the economic highlights for this week:

1. April PMI falls half a percent to 52.9%

 

China's PMI stood at 52.9 percent in April, marking the 25th consecutive month to remain above 50 percent.

China's PMI stood at 52.9 percent in April, marking the 25th consecutive month to remain above 50 percent.


China's Purchasing Managers' Index (PMI) dropped half of a percentage point from March to 52.9 percent, according to April data released by the China Federation of Logistics and Purchasing, remaining above 50 percent for the twenty-fifth consecutive month. The figure provides a general measure of industrial activity, with a PMI greater than 50 indicating expansion. April's number came in below market predictions. Analysts had projected April PMI to rise to 53.9.

 

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