Reuters reports that China’s factory activity in April expanded at the fastest pace in four months on stronger demand, but concerns over surging raw materials and input costs clouded the outlook, according to a private survey released on Friday.
”The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 51.9 in April from an 11-month low of 50.6 in March, beating analyst expectations for a smaller uptick to 50.8. The 50-mark separates growth from contraction on a monthly basis.
That contrasted with China’s official PMI on Friday, which showed factory activity expanding at a slower-than-expected pace in April.”
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