4 May 2016
China's data recap - UOB
Analysts at UOB offered a recap of China's recent data.
Key Quotes:
"To recap, China’s manufacturing sector expanded for the second month in a row in April, showing signs of activities stabilizing. Official Purchasing Managers’ Index (PMI) at 50.1 in April, easing from March’s 50.2, while services PMI remained strong but grew at a slightly slower pace, with the reading at 53.5 in April, from 53.8 in March."
Key Quotes:
"To recap, China’s manufacturing sector expanded for the second month in a row in April, showing signs of activities stabilizing. Official Purchasing Managers’ Index (PMI) at 50.1 in April, easing from March’s 50.2, while services PMI remained strong but grew at a slightly slower pace, with the reading at 53.5 in April, from 53.8 in March."