China's April manufacturing PMI reaches 49.0... economy slightly worsens - Chinese report

The National Bureau of Statistics recently released the April manufacturing Purchasing Managers' Index (PMI). According to the release, China's manufacturing PMI for April fell 1.5 points from the previous month to 49.
The PMI for large companies was 49.2, down 2.0 points from the previous quarter, while the PMI for medium-sized companies was 49.2, down 2.0 points from the previous quarter.
For companies, the index fell 1.1 points to 48.8, and for small companies, it fell 0.9 points to 48.7, both below 50.
Of the five sub-indices that make up the manufacturing PMI, the supplier delivery time
The inventory index rose 0.1 points to 50.2, surpassing 50. The production index fell 2.8 points to 49.8, the new orders index fell 2.6 points to 49.2, and the raw materials inventory ratio index fell 2.5 points to 49.6.
The manufacturing PMI, which covers the construction and service industries, was 50.4, down 0.2 points to 47.0, and the employment index was 0.3 points to 47.9, both of which were below 50.
Although it fell 0.4 points from the previous month, the economy remained in the expansionary zone. The PMI for the construction industry fell 1.5 points to 51.9, and the PMI for the service industry fell 0.2 points to 50.
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