China PMIs for April 2022 have been published – all are well into contraction

China official PMIs for April 2022
• Manufacturing 47.4 vs. expected 48.0, prior 49.5
• Non-manufacturing 41.9 vs. prior 48.4

China Caixin /Markit Manufacturing PMI for April comes in at 46.0
• vs. expected 47.0, prior 48.1

The intensification of the COVID-19 outbreak and the associated lockdowns and restrictions across many centres in the country, most notably in Shanghai and other economic powerhouse regions, weighed on the economy in the month.

shanghai china 05 April 2022
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