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CN Mar Official Non-Mfg PMI Climbs to 50.8, Above Forecast; Composite PMI Swells to 51.4
Recommend 7 Positive 16 Negative 7 |
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National Bureau of Statistics' Service Industry Survey Center and the China Federation of Logistics and Purchasing released data on China's non-manufacturing purchasing managers' index (PMI) performance. In March, the non-manufacturing business activity index came in at 50.8, up 0.4 ppts from the previous month and above the market expectation of 50.6, indicating an accelerated pace of expansion in the non-manufacturing sector. In March, the composite PMI output index was 51.4, up 0.3 ppts from the previous month, suggesting an overall acceleration in the expansion of production and business activities of Chinese enterprises. AAStocks Financial News |
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