May 1st, 2009 - MarketWatch
HONG KONG (MarketWatch) -- China's Purchasing Managers Index rose further above the expansionary threshold of 50 in April, adding to growing evidence that the worst of the output slump that shuttered factories and led to millions of layoffs may be over.
The PMI came in at 53.5 in April, up from March's 52.4 reading, according to data released Friday by the China Federation of Logistics & Purchasing.
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