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

The Caixin/Markit Manufacturing Purchasing Managers’ Index expanded at the strongest pace in eight months in March as it rose to 50.8 from 49.9 in February. Photo: Reuters

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

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