China April manufacturing activity drops to year low: HSBC
Xinhua, April 23, 2015 Adjust font size:
Manufacturing activity in April fell to a 12 month low at 49.2, according to HSBC's preliminary purchasing managers' index released on Thursday.
The HSBC/Markit flash China manufacturing output index posted 50.4 this month, a three-month low, data company Markit said in a statement.
A reading above 50 indicates expansion, while a reading below 50 represents contraction. Endi