China Manufacturing PMI Hits 50.3, Beats Forecast

Official China manufacturing PMI rose to 50.3 in April, beating the 50.1 forecast but slipping slightly from 50.4 in March.
Non‑manufacturing PMI fell to 49.4, missing the 49.9 expectation and dropping from 50.1, indicating contraction in services.
Composite PMI eased to 50.1 from 50.5, while private RatingDog manufacturing PMI surged to 52.2, outpacing the 50.9 forecast.
Growth was driven by strong overseas demand, whereas weak domestic demand and Middle‑East oil‑shipping disruptions dampened overall activity.