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MNI BRIEF: China's PMI Shows Expansion For Third Month

MNI (Singapore)
MNI (Beijing)
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China's Purchasing Managers' Index (PMI) registered 51.9 in March, recording expansion for the third consecutive month despite falling from February's 52.6 level, data from the National Bureau of Statistics (NBS) showed Friday.

The production sub-index marked 54.6 in March, slower than February's 56.7 reading. The new orders sub-index – a gauge of demand – stood at 53.6, sliding from last month's 54.1. The indies have hovered at relatively high levels in recent months, reflecting a stable increase in manufacturing production and demand, and it suggests the economy continues to recover, the NBS said.

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China's Purchasing Managers' Index (PMI) registered 51.9 in March, recording expansion for the third consecutive month despite falling from February's 52.6 level, data from the National Bureau of Statistics (NBS) showed Friday.

The production sub-index marked 54.6 in March, slower than February's 56.7 reading. The new orders sub-index – a gauge of demand – stood at 53.6, sliding from last month's 54.1. The indies have hovered at relatively high levels in recent months, reflecting a stable increase in manufacturing production and demand, and it suggests the economy continues to recover, the NBS said.

Keep reading...Show less