You simply cannot have the universe’s largest property crash and keep growth running consistently.
In April , the manufacturing purchasing managers index ( PMI ) was 50.4% , down 0.4 percentage points from the previous month. It has been in the expansion range for two consecutive months. The manufacturing industry continues to maintain a recovery and development trend.
![](https://api.macrobusiness.com.au/wp-content/uploads/2024/04/W020240430333710346364.png)
Still growing but fading across the board:
![](https://api.macrobusiness.com.au/wp-content/uploads/2024/04/1-120.png)
![](https://api.macrobusiness.com.au/wp-content/uploads/2024/04/2-66.png)