China's NBS Manufacturing PMI drops to 50.4 in April vs. 50.3 expected

China’s official Manufacturing Purchasing Managers' Index (PMI) fell in April, coming in at 50.4, as against the 50.8 expansion in March, according to the latest data released by the National Bureau of Statistics (NBS) on Tuesday.

The market forecast was for a 50.3 reading in the reported month.

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