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China's PMI points to slightly slower growth


BEIJING, April 30: China s manufacturing PMI was 51.1 in April, down from 51.9 in the prior month, but still indicates that the sector is growing.
Some production activity will have been affected by chip shortages, e.g. production of home appliances, automobiles, laptops and smartphones.
As the chips shortage is expected to last for a few more quarters, there could be continuous rises in the price of semiconductors, which could push up the prices of electronic goods.
New export orders fell to 50.4 in April from 51.2 a month ago, this may reflect a delayed response to the Covid recovery in the US and in Europe. We should see some improvements in export orders as Covid continues to subside in these major export markets. ....

Production Activity , Slower Growth , ப்ரொடக்ஶந் நடவடிக்கை ,