China PMIs for April 2022 have been published - all are well into contractionChina official PMIs for April 2022
• Manufacturing 47.4 vs. expected 48.0, prior 49.5
• Non-manufacturing 41.9 vs. prior 48.4Composite 42.7 vs. prior 48.8
China Caixin /Markit Manufacturing PMI for April comes in at 46.0
• vs. expected 47.0, prior 48.1
The intensification of the COVID-19 outbreak and the associated lockdowns and restrictions across many centres in the country, most notably in Shanghai and other economic powerhouse regions, weighed on the economy in the month.
Source: China PMIs for April 2022 have been published - all are well into contraction (https://www.forexlive.com/news/china-pmis-for-april-2022-have-been-published-all-are-well-into-contraction-20220430/)
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