China private manufacturing PMI rises to 52.2 in April
The RatingDog PMI rose to 52.2 in April, driven by strong output and new orders. While costs increased, manufacturers remain optimistic about the outlook.
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China factory activity expanded at its fastest pace since late 2020 as the RatingDog manufacturing PMI rose to 52.2 in April. The reading, compiled by S&P GLOBAL INC, beat the 51.0 level expected by market participants. Stronger output and surging orders confirm the economy is entering a recovery stage despite rising raw material costs.
The April figure climbed from 50.8 in March, staying above the 50-mark that separates growth from contraction. RatingDog founder Yao Yu said the recovery is driven by order growth and optimistic expectations from price effects.
