A survey focused on small and mid-size manufacturing in China is expected to indicate a slowdown in factory activity growth in April, reflecting possible risks from U.S.-China trade tensions.
The private Caixin/Markit PMI, which focuses on small and mid-size businesses in China, is expected to edge down to 50.9 in April from 51 in March, according to the median forecast of economists in a Reuters poll.
A reading above 50 indicates expansion, while a reading below that signals contraction.
This follows the release of official April manufacturing PMI data on Monday, which showed that expansion in China’s manufacturing sector slowed slightly. The Purchasing Managers’ Index (PMI) fell to 51.4 in April, from 51.5 in March.
The softer reading, especially slower export orders, adds to concerns about an expected loss of momentum in the world’s second-largest economy, as policymakers navigate debt risks and a heated trade row with the U.S.
— Reuters contributed reporting to this article.
