Chinese businesses conditions improved a bit in April, with the results of the Flash MNI China Business Sentiment Survey indicating better overall and financial conditions but credit once again becoming tighter.
The flash overall conditions index rose to 55.40 from 54.81 in the final March survey while the flash new orders index rose to 65.87 from 63.10.
The flash survey is based on around 80% of the responses gathered for the official survey release on the last Friday of every month. The flash survey is released exactly one week ahead of the official survey and is designed to give a preliminary reading of Chinese business sentiment every month. The main MNI China Business Sentiment Survey is released at 0935 Beijing time (0135 GMT) on the last Friday of every month.
The complete survey contains 12 indicators for current conditions, plus a further 12 questions concerning expectations for conditions in three months.