BUSINESS China's manufacturing PMI edges up in March

BUSINESS

China's manufacturing PMI edges up in March

Xinhua

09:27, March 31, 2019


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File photo: VCG

BEIJING, March 31 (Xinhua) -- The purchasing managers' index (PMI) for China's manufacturing sector came in at 50.5 in March, up from 49.2 in February, the National Bureau of Statistics said Sunday.

A reading above 50 indicates expansion, while a reading below reflects contraction.

NBS senior statistician Zhao Qinghe attributed the monthly increase in the manufacturing PMI to accelerated production activities and improved domestic demand.

The sub-index for production, a major factor used in calculating PMI, rose to six-month high at 52.7 in March, up 3.2 percentage points from February.

The sub-index for new orders went up 1 percentage point from February to 51.6 in March, the highest in half a year, showing growing momentum in market orders.

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