China’s economic sentiment down more than expected in April as growth cools

China’s manufacturing and non-manufacturing sentiment fell short of expectations in April, indicating a cooling in economic activity in the first month of the second quarter. China’s official non-manufacturing purchasing managers’ index (PMI) – a gauge of sentiment in the service and construction sectors – fell to 54.9 in April from 56.3 in March, according to data released by the National Bureau of Statistics (NBS) on Friday. The reading was below the median prediction of a slight fall to 56.1 in a Bloomberg poll of analysts. The official manufacturing PMI – a survey of sentiment among factory owners in … (full story)

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