China's manufacturing activity beats expectations in April
By Michele Maatouk
Date: Thursday 30 Apr 2026
(Sharecast News) - Activity in China's manufacturing sector grew more than expected in April, according to two surveys released on Thursday.
The official purchasing managers' index dipped to 50.3 from 50.4 in March, but was ahead of market expectations for a reading of 50.1. The non-manufacturing PMI fell to 49.4 in April from 50.1 in March.
A reading above 50.0 indicates expansion, while a reading below signals contraction.
Meanwhile, the private RatingDog China general manufacturing PMI increased to 52.2 in April from 50.8 the month before. This marked the strongest improvement in manufacturing conditions since December 2020 and was ahead of expectations for a reading of 51.0.
RatingDog founder Yao Yu said: "Overall, the RatingDog PMI in April further confirmed that China's economy is in the recovery stage. The structural data shows that this economic recovery is driven by the growth of orders and the optimistic expectations of enterprises brought about by the price effect.
"However, this recovery may be more limited to the supply side. The comprehensive recovery of the economy still requires more growth in downstream consumption and the repair of residents' balance sheets for support."
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