Thursday, May 1, 2014

China: PMIs Suggest Growth Has Bottomed Out But Only Modest Improvement Ahead

China's official manufacturing PMI published by China's National Bureau of Statistics (NBS) in April increased slightly to 50.4 (consensus: 50.5) from 50.3 in March, broadly in line with expectations. Details were relatively good. New orders improved to 51.2 from 50.6 and inventories were also cut at a faster pace with



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