China to Release April Manufacturing PMI Data Tomorrow

Key Economic Data

• Event: Manufacturing PMI (April)
• Date: April 30, 2026
• Forecast: 50.2
• Previous: 50.4

Background

The Manufacturing PMI is a critical indicator of the health of China's industrial sector. Based on surveys of senior executives, it measures trends in production, new orders, and employment. A reading above 50.0 indicates expansion, while a reading below indicates contraction.

What to Watch For

Market analysts are watching for signs of sustained industrial growth or potential cooling. If the data exceeds the 50.2 forecast, it may boost confidence in China's economic recovery and support risk-on assets. Conversely, a dip below 50.0 would signal contraction, potentially weighing on global markets and demand for industrial commodities.