China Manufacturing Struggles

China’s factory activity showed modest signs of improvement in April but not enough to dispel concerns over sluggish growth in the world’s second-largest economy.

Government policy makers, who have already rolled out smaller stimulus measures, would probably wait before deciding whether further action is needed, analysts said.

Data released in recent days indicate the manufacturing sector is struggling to gain traction but showing signs of life. The final HSBC Manufacturing Purchasing Managers’ Index for April released Monday edged up to 48.1 from 48.0 in March, but remained below the key 50 level which separates contraction from expansion on a monthly basis. The index is a gauge of nationwide manufacturing activity.

WSJ

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.