China's manufacturing activities expand faster in March

Source: Xinhua | 2019-04-01

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 (NBS) 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.