China: April manufacturing PMI likely to increase to 50.9 - TDS

TD Securities analysts are expecting China’s official April manufacturing PMI to increase to 50.9 from 50.5 in March.

Key Quotes

“China’s March data dump broadly beat expectations, and revealed that stimulus measures were kicking in. April will likely maintain this constructive tone, with further signs of stabilisation.”

“Forward-looking components of the March CPI such as manufacturing new orders and expected production moved higher. Separately, US and China continue to edge towards a trade deal. The upturn in electricity output and increased lending, also suggest some improvement in manufacturing activity and sentiment.”