China’s PMI Surveys Show Recovery in Manufacturing

Manufacturing activity improved in China in March, separate surveys showed Friday, helping ease concerns over the health of the world’s second-largest economy.

China’s official manufacturing Purchasing Managers’ Index (PMI) came in at 50.2 for March, above a forecast of 49.3 from a Reuters poll, returning to growth for the first time since July. That compares with 49.0 in February, which was the lowest reading since 2011.

China’s official services PMI rose to 53.8 in March from 52.7 in February.

Levels below 50 signal contraction, while levels above indicate growth.

CNBC

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.