China's NBS Manufacturing PMI declines to 50.3 in April, Non-Manufacturing PMI falls to 49.4
China’s official Manufacturing Purchasing Managers' Index (PMI) eased to 50.3 in April, compared to 50.4 in the previous reading. The reading came in above the market consensus of 50.1 in the reported month.
The NBS Non-Manufacturing PMI fell to 49.4 in April versus March’s 50.1 figure. The market forecast was for a 49.9 print.
Market reaction
At the time of writing, the AUD/USD pair is trading around 0.7125, up 0.10% on the day.
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