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CHINA'S MANUFACTURING SECTOR DECELERATES

Sam RoMay 1, 2013, 06:27 IST

Flick/SpAvAAiMahjongChina's National Bureau of Statistics just published its April manufacturing PMI report.

The headline number fell to 50.6 from 50.9 in March.

Economists were looking for a reading of 50.7.

Any reading above 50 signals expansion.

Here's a break down of the March and April reports:

	March 2013	April 2013
PMI	50.9	50.6
Output	52.7	52.6
New orders	52.3	51.7
New export orders	50.9	48.6
Backlog of work	47.1	43.6
Inventories of finished goods	50.2	47.7
Purchases quantity	51.9	51.0
Imports	48.9	48.7
Input prices	50.6	40.1
Inventories of raw materials	47.5	47.5
Employment	49.8	49.0
Supplier delivery times Business Activity Expectation	51.1 65.5	50.8 59.3

Earlier this month, we got a preliminary reading of HSBC's unofficial PMI, which unexpectedly fell to 50.5 from 51.6 in March. The final reading of this index will come out tomorrow.