The Chinese manufacturing PMI new export orders index continued to decline in April 2022

China’s manufacturing PMI suggested that new export orders in April continued to decline, with the second largest drop after last year. In a survey conducted by inspectors from China’s Chamber of Commerce for Import and Export Mechanical & Electrical Products at this years’ Canton Fair, 500 companies were asked about their business outlook on international trade – many reported negative sentiment due both domestic demand constraints as well increased competition abroad since 2020 began. The study found that 47.2% of businesses had orders in hand as compared to the spring and autumn of the previous year. Only 12.6% of businesses reported an increase in year-on-year orders.