China’s factory activity hits 1-year high, adding to signs economic recovery is picking up pace
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
- 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.