China’s manufacturing bounced back in March as Caixin/Markit PMI shows unexpected good news

• Sector unexpectedly returned to growth for the first time in four months in March, according to the Caixin/Markit Manufacturing Purchasing Managers’ Index
• The private business survey released on Monday showed expansion at the strongest pace in eight months

China’s manufacturing sector unexpectedly returned to growth for the first time in four months in March, in a sign that government stimulus measures may be gaining traction and amid indications of progress in US-China trade talks.

The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI), a private business survey released on Monday, expanded at the strongest pace in eight months in March as it rose to 50.8 from 49.9 in February.

Source: https://www.scmp.com/economy/china-economy/article/3004071/china-manufacturing-bounced-back-march-unexpected-good-news