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China's manufacturing up for first time in 6 months
The Business Guardian
|April 01, 2024
China's manufacturing activity expanded in March for the first time since September, a sign that the world's second-largest economy is stabilizing.
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The official manufacturing purchasing managers index this month rose to 50.8 from 49.1 in February, the National Bureau of Statistics said in a statement Sunday. That beat the median forecast of 50.1 by economists in a Bloomberg survey and was the best reading since March last year.
A gauge of non-manufacturing activity climbed from the previous month to 53, compared with an estimate of 51.5. A reading above 50 suggests an expansion from the previous month, while a figure below that denotes contraction.
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