China Caixin Manufacturing Growth at 3-Month Low

2025-04-30 01:51 By Chusnul Chotimah 1 min. read

The Caixin China General Manufacturing PMI declined to 50.4 in April 2025, down from March’s four-month high of 51.2.

However, the figure exceeded expectations of 49.8, marking the seventh consecutive month of expansion, though it was the weakest growth since January, suggesting that Beijing’s stimulus measures are still supporting the economic recovery.

New orders growth eased to a seven-month low amid a renewed decline in foreign sales, driven by higher US tariffs.

Consequently, output growth also softened.

Employment fell slightly due to signs of reduced capacity requirements, while backlogs of work declined for the first time since last September.

Growth in purchasing activity weakened, and delivery times lengthened due to trade disruptions and supply-side constraints.

On the price front, input costs fell amid subdued demand, leading to a fifth consecutive monthly drop in output prices.

Finally, sentiment weakened to the third-lowest level since the series began in April 2012.



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