China's manufacturing sector deteriorated slightly in April, disappointing market forecasts and continuing a weak run of economic data from the Middle Kingdom
The HSBC/Markit 'flash' PMI fell to 49.2 in April - a 12-month low - from 49.6 in March. Economists expected the gauge to come in at 49.6. A reading above 50 indicates the manufacturing sector is expanding.
From Markit economist Annabel Fiddes:
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