China: Manufacturing fell slightly in April - Westpac

Research Team at Westpac, notes that on Sunday, China’s official manufacturing survey fell slightly in April, to 50.1 from 50.2, falling short of 50.3 expected.

Key Quotes

“This is hardly consistent with the surge in commodity prices we have seen in recent weeks, including another 5.3% gain in spot iron ore Friday, to $66.24/tonne.”