4月中國製造業景氣度弱於預期

China's manufacturing sector deteriorated more than originally thought in April, according to the final reading of the HSBC Markit 'flash' PMI.

根據匯豐(HSBC)與Markit編制的中國製造業採購經理人指數(PMI)，今年4月中國製造業活動狀況比預期更糟糕。相比之下，上週五發布的中國官方製造業PMI指數則略高於預期，不過也只比50的榮枯線高了一點。

The index now comes in at 48.9 for the month, versus an original reading of 49.2 and versus expectations that it would only end up at 49.4. The reading is the lowest in twelve months.

4月份匯豐製造業PMI指數爲48.9，不僅低於此前49.2的“預覽版”讀數，也低於49.4的預期，是12個月來的最低讀數。

China's manufacturing PMI reading for April was a nudge ahead of expectations, and crucially over the point which separates growth in the sector from contraction.

相比之下，4月份中國官方製造業PMI指數爲50.1，略高於50的預期，與3月份的讀數持平。服務業PMI指數爲53.4，略低於3月份的53.7。

The country's official manufacturing purchasing managers' index was 50.1 in April, slightly ahead of expectations of 50. It was also the same level recorded in March. The services PMI came in at 53.4, slightly down from 53.7 in March.

PMI讀數處於50以上時，表示相關產業處於擴張之中。與側重大型國有企業的中國官方PMI指數相比，匯豐/Markit發佈的PMI指數更側重小型民營企業，波動性比前者更大些。

China's economy, which has enjoyed some of the fastest growth rates in the world in the past two decades, is now slowing and policymakers recently said it will target economic growth of "around 7 per cent" this year — the slowest expansion in a quarter century. Data from January and February indicated the manufacturing sector contracted slightly.

今年第一季度，中國經濟同比增長率只有7%，是6年來的最慢增長。此前，1月份和2月份的數據顯示，中國的製造業略有收縮。在經歷了20年的高速增長之後，中國政策制定者如今正面臨經濟發展放緩的“新常態”。