China: slows to 47.4 PMI index in April, the lowest in two years – Economy
Manufacturing activity in China slipped in April, serving draconian lockdowns to stop the wave of Covid-19 and slipping to the lowest level since February 2020, when the country was hit by the new coronavirus epidemic that later became a pandemic. The official manufacturing PMI index, in fact, stopped at 47.4 against 49.5 in March and … Read more