(MENAFN) According to HSBC's preliminary purchasing managers' index (PMI), Chinese manufacturing activity continues to shrink slowly in April, QNA reported.
Data company Markit said in a statement that HSBC/Markit China flash manufacturing PMI for April increased to 48.3, compared to a 48.0 reading in March.
Last month's reading scored the lower in eight months, decreasing for the third month in a row. A PMI over 50 percent is an indication of expansion, while one under 50 percent is a contraction indicator.
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