The HSBC flash China purchasing managers index (PMI) was clocked at 51.7 in March, well ahead of most forecasts for a rise to 50.8.
A reading above 50 indicates expanding activity. One below 50 signals contraction.
The latest read indicates China's manufacturing "machine" is oiled and picking up speed. Although monthly measures are monthly measures and are volatile. However, it may soothe naysayers until the next economic data release.
In February, the private sector index dropped to a four month low of 50.4. This was also affected by the Lunar New year holiday period. Reported by Proactive Investors 16 minutes ago.
A reading above 50 indicates expanding activity. One below 50 signals contraction.
The latest read indicates China's manufacturing "machine" is oiled and picking up speed. Although monthly measures are monthly measures and are volatile. However, it may soothe naysayers until the next economic data release.
In February, the private sector index dropped to a four month low of 50.4. This was also affected by the Lunar New year holiday period. Reported by Proactive Investors 16 minutes ago.