Manufacturing remains weak
PMI reading indicates further contraction, but pace of decline slows: HSBC
Factory activity in China weakened for a fourth straight month in April, although the rate of decline eased, HSBC Holdings Plc said on Wednesday as it released its monthly Purchasing Managers' Index.
The preliminary reading was 48.3, compared with 48.0 in March. A reading below 50 indicates a contraction.
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