Caixin China manufacturing PMI rises to 50.8 in March

Tuesday, 02 April 2019 10:54:35 (GMT+3)   |   Shanghai
       

In March, the China Caixin Manufacturing Purchasing Managers Index (PMI) indicated a final reading of 50.8, up 0.9 percentage points compared to the final reading for February, hitting the highest level over the past eight months, as announced by Beijing-based Caixin media group. 

Zhong Zhengsheng, chief economist with China Economic and Business Monitor (CEBM), part of Caixin Insight Group, said that, with a more relaxed financing environment, government efforts to bail out private sector enterprises and positive progress in the US-China trade talks, the situation in the manufacturing sector recovered in March.

Meanwhile, as announced by China's National Bureau of Statistics (NBS), the purchasing managers' index (PMI) for China’s manufacturing sector was at 50.5 percent in March, up 1.3 percentage point compared to the previous month.


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