China’s manufacturing PMI drops in April

China’s Purchasing Managers’ Index (PMI) for the manufacturing sector fell to 50.6 percent in April from 50.9 percent in March, the China Federation of Logistics and Purchasing (CFLP) said on Wednesday.

It was the seventh consecutive month in which the PMI figure stayed above 50 percent, which demarcates expansion from contraction, according to a statement from the CFLP.

Although the PMI remains generally stable, the slight retreat indicates slower growth in the manufacturing sector and the need for a stronger momentum in China’s economic growth, the statement said.

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