Business Standard

Monday, December 23, 2024 | 05:10 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

China manufacturing weakens further as lockdowns continue

The monthly purchasing managers' index, released by China's National Bureau of Statistics, fell to 47.4 in April, down from 49.5 in March on a 100-point scale

covid, china
Premium

Coronavirus in China. Photo: Bloomberg.

AP I PTI Beijing
China's manufacturing activity fell to a six-month low in April as lockdowns continued in Shanghai and other manufacturing hubs in an attempt to stem COVID-19 outbreaks, according to a survey released Saturday.

The monthly purchasing managers' index, released by China's National Bureau of Statistics, fell to 47.4 in April, down from 49.5 in March on a 100-point scale. Numbers below 50 show activity contracting.

The domestic COVID-19 outbreaks have impacted China's factory activities and market demand, said the bureau's statistician Zhao Qinghe.

Some enterprises have reduced or stopped production, with disruptions in logistics as well as the supply or raw materials and components.

Shanghai,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in