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Chinese Manufacturing PMI Rises Less Than Expected

Mamta BadkarMay 1, 2014, 06:24 IST

REUTERS/China DailyAn employee works at a factory in Dexing, Jiangxi province, September 9, 2013.

China's official April PMI is out at 9 p.m. ET.

Economists polled by Bloomberg are looking for manufacturing PMI to rise to 50.5, from 50.3 the previous month.

A reading below 50 indicates contraction.

The HSBC flash PMI reading we got earlier this month, shows that Chinese manufacturing has been contracting.
But the official survey has a bigger sample and has more exposure to larger manufacturers.