4月中国制造业景气度弱于预期

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

根据汇丰(HSBC)与Markit编制的中国制造业采购经理人指数(PMI)，今年4月中国制造业活动状况比预期更糟糕。相比之下，上周五发布的中国官方制造业PMI指数则略高于预期，不过也只比50的荣枯线高了一点。

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月份汇丰制造业PMI指数为48.9，不仅低于此前49.2的“预览版”读数，也低于49.4的预期，是12个月来的最低读数。

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月份中国官方制造业PMI指数为50.1，略高于50的预期，与3月份的读数持平。服务业PMI指数为53.4，略低于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读数处于50以上时，表示相关产业处于扩张之中。与侧重大型国有企业的中国官方PMI指数相比，汇丰/Markit发布的PMI指数更侧重小型民营企业，波动性比前者更大些。

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，中国经济同比增长率只有7%，是6年来的最慢增长。此前，1月份和2月份的数据显示，中国的制造业略有收缩。在经历了20年的高速增长之后，中国政策制定者如今正面临经济发展放缓的“新常态”。