Statistics released Sunday by China’s National Bureau of Statistics revealed a PMI of 51.2 in April, compared with 51.8 recorded in March.
A reading above 50 indicates expansion, while a reading under 50 signals a contraction in manufacturing activity. April was the ninth consecutive month that China saw PMI grow.
China’s sub-index for consumer goods manufacturing was stronger than the general PMI, with a reading of 52.2, indicating stability in consumer demand, an important factor in China’s economic growth.
China has had a stronger-than-expected economic start to the year, with GDP for the first quarter rising to 6.9 percent on the year. Consumption contributed 77.2 percent of the GDP increase in the first quarter, while consumption contributed 77.2 percent of the GDP increase in the first quarter.
In the same period, the service sector rose 7.7 percent year-over-year. April’s NBS data saw service sector growth slow from the previous month, with China’s official services PMI standing at 54 for April, down from a three-year high reading of 55.1 in March.
In total, the service sector accounted for 56.5 percent of the overall economy.