China's Private Sector Expands Moderately In April
2018年5月4日 - 10:57AM
RTTF2
China's private sector activity growth picked up since March but
remained weaker than that seen at the turn of the year, survey
results from IHS Markit showed Friday.
The Caixin composite output index rose to 52.3 in April from a
four-month low of 51.8 in March. A score above 50 indicates
expansion.
April survey data pointed to stronger increases in output across
both the manufacturing and service sectors. Manufacturing output
grew at a slightly faster pact but still moderate.
The services Purchasing Managers' Index climbed to 52.9 in April
from 52.3 in March. The reading was expected to remain unchanged at
52.3.
New business placed at Chinese companies also rose at a slightly
faster rate but remained moderate overall. The acceleration was
largely driven by service providers.
Staffing levels continued to decline across the manufacturing
sector in April, while services companies took on additional
workers to assist with new projects. Consequently, employment at
the composite level stabilized at the start of the second
quarter.
The rate of input price inflation across China's service sector
continued to ease from January's multi-year peak in April.
Meanwhile, cost inflation picked up slightly at manufacturing
companies. Overall, input prices advanced at a moderate pace that
was the softest since June 2017.
Prices charged for services grew at a moderate pace and factory
gate prices rose only slightly, with the rate of inflation easing
from March. Consequently, prices charged at the composite level
continued to increase modestly.
The survey showed that weaker business confidence at
manufacturers offset an improvement at services companies in April,
pushing overall sentiment towards the year ahead outlook for output
to the lowest level for three months.
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