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1.Market Observations, 8.Was Sticky

1 May 2017 (AFR) – China April manufacturing activity growth slows faster than expected

(1 May 2017, AFR, p2, Reuters)

‘Growth in China’s manufacturing sector slowed faster than expected in April, an official survey showed on Sunday, as producer price rises lost steam and authorities moved to tackle risks in the property market and credit growth. The official Purchasing Managers’ Index (PMI) fell to 51.2 in April from the previous month’s 51.8, which was the strongest reading since April 2012. Analysts polled by Reuters had predicted a reading of 51.6, the ninth straight month above the 50-point mark that separates growth from contraction on a monthly basis. Growth in China’s services sector slowed slightly to…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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