China factory growth likely slowed in April amid costs
Economists expect China's manufacturing PMI to dip to 50.1 in April as regional conflicts drive up input costs. Moody's recently revised the nation's outlook.
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China's official manufacturing PMI is expected to fall to 50.1 in April from 50.4 in March. A Reuters poll of 27 economists forecasts the slowdown as rising energy costs test industrial resilience. Investors are monitoring whether manufacturing can sustain 5% GDP growth as supply chain disruptions from the Middle East intensify.
