China factory activity edges down in April ...Qatar

Factory activity in China slowed in April as a global shortage of shipping containers hindered the movement of goods, official data showed Friday, but wider demand remained robust as the domestic economy rebounds from the coronavirus pandemic. The Purchasing Managers’ Index (PMI), a key gauge of manufacturing activity, came in at 51.1 this month — lower than in March but still above the 50-point mark separating growth from contraction, according to the National Bureau of Statistics. But challenges remained, with some companies reporting problems “such as chip shortages, blockages in international logistics, a lack of containers, and rising freight rates”, said NBS senior statistician Zhao Q

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