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Tuesday, September 26, 2023

China’s Caixin manufacturing PMI slips into contraction for April

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A private gauge of China’s factory activity fell into contractionary territory in April, pointing in the same direction as an official index and reflecting weakening market demand.

The China Caixin manufacturing purchasing managers index fell to 49.5 in April from 50.0 in March, according to data released Thursday by Caixin Media Co. and S&P Global.



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