China's April factory activity likely expanded at slower speed: Reuters poll

Two accused teenagers to remain in custody for at least two more weeks | SaltWire #newsupdate #newsBEIJING - China's manufacturing activity in April likely expanded at a slower pace, a Reuters poll showed on Monday, indicating the country's sprawling factory sector may have lost some momentum at the start of the second quarter.

High frequency indicators such as steel demand showed muted growth in April, according to analysts at Goldman Sachs. The private Caixin factory survey, which will also be issued on Tuesday, is expected to show the manufacturing PMI in April slowed to 51.0 from 51.1 in March, according to the median forecast of 17 economists polled by Reuters.

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