According to the National Bureau of Statistics of China, the Purchasing Managers’ Index (PMI) for the manufacturing sector in China registered at 50.4 in April, marking a slight decline from the previous month’s figure of 50.8. The announcement was made on April 30.

A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 suggests contraction. Despite the slight decrease, the manufacturing PMI has maintained a position above the expansion threshold for two consecutive months, reflecting the sector’s ongoing recovery. This was highlighted by Zhao Qinghe, a senior statistician at the National Bureau of Statistics.

Zhao noted significant improvements in business production, with the production index rising by 0.7 points to reach 52.9, the highest level recorded since April 2023. He also mentioned that market demand continued to expand, as evidenced by the new orders index which stood at 51.1.

Further analysis by Zhao indicated that businesses of various sizes experienced PMI readings above the threshold that delineates growth from decline. Specifically, the PMIs for large, medium, and small enterprises were reported at 50.3, 50.7, and 50.3, respectively.

In addition to these findings, Zhao pointed out that new economic drivers have shown robust expansion. In April, the indexes for equipment manufacturing and high-tech manufacturing were notably strong, at 51.3 and 53.0 respectively.

Market confidence in the manufacturing sector remained stable, with the business expectations sub-index registering at 55.2, according to the National Bureau of Statistics of China. This indicates a positive outlook among manufacturers about future business conditions.