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KSTR - China's April Manufacturing PMI Moderated To 50.4 But Still Points To Expansion For A Second Consecutive Month
KraneShares SSE STAR Market 50 Index ETF
2024-04-30 06:45:00 ET
Summary
The manufacturing PMI came in broadly in line with our expectations, and new orders remaining in expansion is a positive sign for further industrial activity recovery.
Employment was little changed but remained in contraction for the 14th consecutive month, as there continues to be a mismatch between hiring demand and the labour supply.
The non-manufacturing PMI disappointed, hitting a 3-month low of 51.2, as new business fell to a 16-month low amid weak consumer activity.
