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China Caixin PMI manufacturing contracts in Apr, demand softens and prices plunge

China’s Caixin PMI Manufacturing dropped to 49.5 in April, down from 50.0 and below the expected 50.8, marking the first contraction reading in three months. According to Caixin, output expanded only marginally due to softening demand conditions. Input costs and selling prices fell at the quickest pace in over seven years. Wang Zhe, Senior Economist […] The post China Caixin PMI manufacturing contracts in Apr, demand softens and prices plunge appeared first on Action Forex... Read More

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Content Topics

China

Caixin

Manufacturing

Contracts

Apr

Demand

Softens

Prices

Plunge

Forex

Posted: May 4 2023, 04:03

Author Name: actionforex

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