China’s factory activity hits 1-year high, adding to signs economic recovery is picking up pace
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China’s factory activity hits 1-year high in latest sign of economic recovery
https://www.scmp.com/economy/economic-indicators/article/3257359/chinas-factory-activity-hits-one-year-high-adding-signs-economic-recovery-picking-pace
Official manufacturing purchasing managers’ index rebounds to 50.8 in March, crossing into expansion territory after five months of contraction, but scepticism about world’s No. 2 economy looms due to property woes and local debt.
- Official manufacturing purchasing managers’ index (PMI) rebounds to 50.8 in March, crossing into expansion territory after five months of contraction ⠀
The figure beat the market estimate of 49.9 and returned above the watershed level of 50, which indicates expanding activity, ending five consecutive months of contraction.