China April Manufacturing PMI 50.3 Beats Forecast

China's official manufacturing PMI rose to 50.3 in April, beating the 50.1 forecast but slipping slightly from March's 50.4.
Non‑manufacturing PMI fell to 49.4, missing the 49.9 estimate and down from 50.1 in March, reflecting weak domestic demand.
Composite PMI slipped to 50.1 from 50.5, indicating overall growth slowed amid sluggish consumer spending and Middle‑East conflict effects.
Export demand drove a second month of manufacturing expansion, while rising fuel prices and growth uncertainty dampened services activity.