China Manufacturing PMI 52.0 In March

China Manufacturing PMI 52.0 In March

The manufacturing sector in China moved back into expansion in March, the latest survey from the National Bureau of Statistics said on Tuesday with a manufacturing PMI score of 52.0 – beating forecasts for 45.0.

That’s up sharply from 35.7 in February, and it moves back above the boom-or-bust line of 50 that separates expansion from contraction.

The non-manufacturing PMI came in at 52.3, also exceeding expectations for 42.0 and up from 29.6 in the previous month.

The composite PMI posted a score of 53.0, up from 28.9 a month prior.