China official PMIs for April 2022
• Manufacturing 47.4 vs. expected 48.0, prior 49.5
• Non-manufacturing 41.9 vs. prior 48.4
- Composite 42.7 vs. prior 48.8
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.