BEIJING (AP) — A survey of Chinese manufacturers shows activity slowed in April as global demand weakened, adding to signs its shaky recovery might be weakening.
HSBC Corp. said Thursday its purchasing managers index fell to 50.4 from March's 51.6 on a 100-point scale on which numbers above 50 show an expansion in activity.
HSBC economist Hongbin Qu says in a statement, "The slower growth of manufacturing activities in April confirmed a fragile growth recovery of the Chinese economy as external demand deteriorated."
China's economic growth suffered an unexpected slowdown in the first three months of the year, declining to7.7 percent from the previous quarter's 7.9 percent.
Analysts have warned the shaky recovery could be vulnerable if trade or investment weakens.