China Production Data Show Slower Growth

China's official Purchasing Managers Index fell to 52.9 in April from 53.4 in March, likely assuaging concerns somewhat that overheating and inflation pressures will require further tightening measures by Chinese policymakers.

April's decline in the PMI indicates manufacturing growth slowed after briefly accelerating in March, resuming a trend of three consecutive monthly slowdowns prior to March.

Meanwhile, the input prices subindex, an indicator of inflation pressures, declined to 66.2 from 68.3 in March.

The China Federation of Logistics and Purchasing issued the data along with the National Bureau of Statistics on Sunday.

Read Full Article from Wall Street Journal

- Posted: 2011-05-01 10:31:25

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