Reported about 5 hours ago
In April, China's factory activity experienced a faster-than-anticipated decline, as evidenced by a private sector survey that reported a drop in new export orders and employment. The Caixin/S&P Global manufacturing PMI fell to 50.4, signaling a tightening in manufacturing due to the effects of U.S. tariffs and ongoing trade tensions. While output continued to increase, the overall sentiment in the manufacturing sector weakened, leading to reduced business optimism and layoffs.
Source: YAHOO