PMIs take a dip
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On Thursday, both the National Bureau of Statistics (NBS) and Caixin dropped their Purchasing Managers’ Index (PMI) for April.
Welcome to contraction country, buckaroos.
The NBSPMI came in at 50.8, down from 52.0 in March.
The Caixin PMI registered 49.4, down from 50.1 March.
As a reminder: A...