China’s factory activity expanded for a second month, the best streak in more than a year, bolstering hopes that the rebound in the world’s second-biggest economy can be sustained.
The official manufacturing purchasing manager index reached 50.4 in April, the National Bureau of Statistics said on Tuesday, slightly better than forecast. The positive reading — any number above 50 points to an expansion — was echoed by a private measure that showed factory activity growing for six straight months.