Chinese Manufacturing PMI at forty-eight month high in April; Inflationary pressures remain elevated; Robust growth maintained in the Indian manufacturing sector
May 2nd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Latest data from the CLSA PMI survey of the Chinese manufacturing economy pointed to a further improvement in operating conditions in the sector in April. Output and new order growth accelerated to six-month highs, and firms recruited staff at the strongest pace since last September. Input and output price inflation moderated from March’s survey-record rates but remained elevated. In India, manufacturing production expanded again in April, and at a faster rate than it did in March.