Chinese manufacturing output slows in April. The PMI index of purchasing managers, in fact, is attested at an altitude of 50,5 points from 51,6 in March, against analysts' estimates which called for a much smaller decline to 51,5 points. The index, published by the HSBC bank, remains above the 50-point threshold, which demarcates the line between expansion and contraction of activity.
On an annual basis, thehe growth of the Chinese economy slowed by 7,7% in the first quarter of 2013. In decline, according to HSBC chief China economist Qu Hongbin, especially new export orders. The decline in demand seriously risks having repercussions on employment in the manufacturing sector: moves by the government to support consumption are expected in the coming months.
