China Manufacturing PMI (April): 51.2 (expected 51.7)

This is official manufacturing PMI, we’ll get the private survey (Caixin / Markit) during the week
Comes in at 51.2
– expected 51.7
– prior 51.8
The previous result (March) improved, higher prices & property-boom related demand helpimg it along. A slip this month though, and a miss on expectations.

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