• About us
  • Donate
  • WADR
  • Contact us
  • Live Stream
Friday, April 25, 2025
Loud Silence News
Advertisement
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
Loud Silence News
No Result
View All Result
Home US News US Business

China April manufacturing data released as coronavirus lockdowns ease

Loud Silence Staff by Loud Silence Staff
April 30, 2020
in US Business
0
2
SHARES
12
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

[ad_1]

Results of a private survey released on Thursday showed China’s manufacturing activities in April contracted even as factories gradually came back online as the coronavirus outbreak eased.

The Caixin/Markit manufacturing Purchasing Manager’s Index for April was 49.4.

PMI readings above 50 indicate expansion, while those below that level signal contraction.

Analysts polled by Reuters had expected the Caixin/Markit PMI to come in at 50.3, compared with 50.1 in March. In February, the reading registered its sharpest contraction on record at 40.3.

The Caixin/Markit survey features a bigger mix of small- and medium-sized firms. In comparison, the official PMI survey typically polls a large proportion of big businesses and state-owned companies.

Earlier on Thursday, China said manufacturing activity in the country expanded slightly, reporting official PMI of 50.8 for the month of April, as compared to 52.0 in March, said China’s National Bureau of Statistics on Thursday.

Analysts polled by Reuters had expected official manufacturing PMI to come in at 51.0 in April.

In February, the official PMI hit a record low of 35.7 as China was hit by the coronavirus outbreak that first emerged from the city of Wuhan in central China. Large-scale lockdowns were implemented to slow the spread of the disease officially known as Covid-19, sending the world’s second-largest economy to a standstill.

In the first quarter of 2020, China’s GDP contracted by 6.8% from a year ago — the first decline since at least 1992, when official quarterly GDP records started.

But lockdowns in China have started to lift with people going back to work as the number of daily new Covid-19 cases fall.

Despite production coming back online, demand for Chinese products is now expected to be dented by a demand slump from the rest of the world due to the global spread of the coronavirus that has sparked concerns about a global recession.

Indeed, China’s National Bureau of Statistics said in its analysis of the PMI readings that the recovery in demand was weaker than the recovery in production, according to a CNBC translation of its Mandarin language release. This was particularly true in sectors like textiles and apparel manufacturing and chemical raw materials production.

The bureau also flagged heightened uncertainties in the export market with some factories reporting canceled orders. 

“The spread of the epidemic has accelerated overseas and global economic activity has contracted sharply,” it said, adding that China’s foreign trade is now facing greater challenges.

Chinese authorities have rolled out measures to support the economy.

Earlier in April, the People’s Bank of China cut benchmark lending rates.

This is breaking news. Please check back for updates.

[ad_2]

This content first appear on cnbc

You might also like

Billionaire Mark Zuckerberg loses $5.9bn in a day as Facebook faces rare outage, whistleblower testimony

Global cases top 3.6 million, Trump says more deaths inevitable

Supreme Court says Justice Ruth Bader Ginsburg underwent treatment for gallbladder condition

Previous Post

COVID-19 Crisis Exposes Resident Abuse

Next Post

Education union doubts plans will be in place to prevent spread of Covd-19 ahead of schools’ re-opening

Loud Silence Staff

Loud Silence Staff

Related Posts

US Business

Billionaire Mark Zuckerberg loses $5.9bn in a day as Facebook faces rare outage, whistleblower testimony

by News Reporter
October 5, 2021
Global cases top 3.6 million, Trump says more deaths inevitable
US Business

Global cases top 3.6 million, Trump says more deaths inevitable

by Loud Silence Staff
May 6, 2020
Supreme Court says Justice Ruth Bader Ginsburg underwent treatment for gallbladder condition
US Business

Supreme Court says Justice Ruth Bader Ginsburg underwent treatment for gallbladder condition

by Loud Silence Staff
May 6, 2020
US Business

United Airlines service workers sue over schedule cuts after airline got federal coronavirus aid

by Loud Silence Staff
May 5, 2020
Disney reports quarterly earnings, and TikTok gains more influence
US Business

Disney reports quarterly earnings, and TikTok gains more influence

by Loud Silence Staff
May 5, 2020
Next Post
Leaked plan: Govt to test thousands of kids for Covid-19 when schools reopen

Education union doubts plans will be in place to prevent spread of Covd-19 ahead of schools' re-opening

Recommended

Coronavirus: South Africa allows cigarette sales as lockdown restrictions eased

Coronavirus: South Africa allows cigarette sales as lockdown restrictions eased

April 24, 2020
Cab driver. Harvard dad. Covid victim. (opinion)

Cab driver. Harvard dad. Covid victim. (opinion)

April 18, 2020

Categories

  • African Business
  • African Education
  • African Health
  • African News
  • African Politics
  • African ShowBiz
  • Education
  • Ghana Business
  • Ghana News
  • Ghana ShowBiz
  • Ghana Sports
  • Human Interest Stories
  • News
  • Opinion
  • People
  • ShowBiz
  • Social Trends
  • US Business
  • US Education
  • US Health
  • US News
  • US Politics
  • US Showbiz
  • WADR
  • World Business
  • World News
  • World Politics
  • World Showbiz
  • World Sports

Don't miss it

The Deceptive Life of William Anarfi Sarpong – A Con Artist and Fraudster
Ghana News

Quack Dr. Wask, From Petty Criminal to Gold Fraudster – A Tale of Deception and Danger

March 15, 2025
The Deceptive Life of William Anarfi Sarpong – A Con Artist and Fraudster
Ghana News

The Deceptive Life of William Anarfi Sarpong – A Con Artist and Fraudster

March 14, 2025
The Deceptive Life of William Anarfi Sarpong – A Con Artist and Fraudster
News

The Deceptive Life of William Anarfi Sarpong – A Con Artist and Fraudster

March 14, 2025
NDC unveils campaign team for 2024 General Elections
Ghana News

NDC unveils campaign team for 2024 General Elections

June 19, 2024
A.G Godfred Dame has engaged me at odd hours to implicate Ato Forson – Richard Jakpa
Ghana News

A.G Godfred Dame has engaged me at odd hours to implicate Ato Forson – Richard Jakpa

May 23, 2024
Artiste Profile: Frank Cole aka Zyon Ovkin
Ghana ShowBiz

Artiste Profile: Frank Cole aka Zyon Ovkin

April 20, 2024

About Us

LOGO

Loud Silence Radio & TV Network and is a multi media production company focusing on Ghanaian and African news.

Contact

  • Alexandria, Virginia, USA
  • +1 212-602-9641
  • loudsilenceradio@gmail.com
Facebook Twitter Youtube Linkedin

Download App

google play store

© 2021 Loud Silence Media. All rights reserved.

  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
Menu
  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.