Asia
ECONOMY, MANUFACTURING | Staff Reporter, China
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China's manufacturing PMI slips to 51.4%

Extreme weather change and maintenance hindered manufacturing growth.

China's manufacturing Purchasing Managers' Index (PMI) eases into 51.4% from last month's 51.7%.

According to a report by CNBC, the PMI fell from the 51.6% market expectations.

China's National Bureau of Statistics cited extreme weather conditions and frequent flooding in parts of the country. Routine maintenance also affected manufacturing enterprises.

The manufacturing sector is also still facing slow indicators for production and new orders when figures dropped a month ago, the report said.

Production index went down 0.9 point to 53.5%, whilst the new order index fell by 0.3 point to 52.8%.
 

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