The indicator of Chinese manufacturers' activity is still steady in April

The indicator of Chinese manufacturers' activity is still steady in April

The indicator of Chinese manufacturers' activity is still steady. It’s due to the fact the service sector has been expanding for the second month in a row in April.

In April, the index of business activity of the manufacturing sector in this Asian country turned to be 51.4 versus the forecast of leading market experts, who hoped for 51.3. Nevertheless, the figure was below 51.5 – the outcome of the previous month. Besides this, the non-manufacturing activity index managed to tack on to 54.8 in April versus March’ result of 54.6. That’s what the China Bureau of Statistics informed.  By the way, it should be noted that the value above 50 drops a hint at an increase. On the contrary, the reading below 50 stands for quite negative dynamics.

Sustained productivity can help to soothe concerns expressed by China's top leadership the previous week that the Chinese economy could slow down more abruptly than anticipated, considering the constant tension in the trade.

Some market experts pointed out that the given figures appear to be solid enough. They added that today’s data openly suggests that surge rates are still upbeat, although risks are over there.

The indicator of new export orders headed south to about 50.7 versus an outcome of 51.3. However, in the last few months it remained generally intact. New orders also inched down to 52.9 from 53.3.

Prices for finished products moderately dived to 53. The stocks of finished products, raw materials, backlogs as well as employment remained in line with previous indications.

The Chinese economy is currently facing a slight downward pressure. That’s what Zhou Hao, economist at Commerzbank AG in Singapore told. Apparently, many recent macro data demonstrate a minor downward trend, although overall PMI turns to be stable.



CPI Wednesday: the Doomsday for EURUSD and GBPUSD?
CPI Wednesday: the Doomsday for EURUSD and GBPUSD?

Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!

Latest news

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera