China's PMI Data Suggests Domestic Demand Remains Soft
ING Economic and Financial Analysis·2026-04-30·via All Articles on Seeking Alpha
Summary
China’s purchasing managers’ index fared better than expected as new export orders and imports returned to expansion for the first time since early 2024.
But softer domestic activity sent the non-manufacturing PMI back into contraction.
Price pressures also stayed firmly in expansionary territory, suggesting China's reflation is continuing.
