China’s factory activity expanded for a second straight month in April, according to an official survey on Thursday, as its economy remained resilient despite higher energy prices due to the Iran war.
The official manufacturing purchasing managers index slipped slightly to 50.3 from 50.4 in March, according to the National Bureau of Statistics, better than what economists had expected. Measured on a scale between 0 and 100, a reading above 50 reflects expansion.
