China’s factory activity hits 1-year high in latest sign of economic recovery
www.scmp.com
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.

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  • catloafEnglish
    21·
    3 months ago

    As with most things, the truth is somewhere in the middle.