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HSBC 皇冠体育app Manufacturing PMI remains 51.8 in April

(Xinhua)
Updated: 2011-04-29 16:24

HONG KONG - The HSBC 皇冠体育app Manufacturing PMI is unchanged in April from March at 51.8, the Hongkong and Shanghai Banking Corporation (HSBC) said Friday.

The result signals a moderate improvement in Chinese manufacturing sector operating conditions, said HSBC. However, the latest index reading was down on the long-run series average of 52. 3.

Related readings:        PMI rise indicates more growth

"The final results from April's manufacturing PMI survey confirmed the picture of steady growth across the manufacturing sector," said Hongbin Qu, Chief Economist, 皇冠体育app & Co-Head of Asian Economic Research at HSBC.

"This, plus stronger-than-expected March growth and inflation data, calls for a continuation of Beijing's tightening efforts in the coming months," Qu said.