China’s manufacturing activity expanded fastest in three months in March, services sector expansion hit highest in four months
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China’s manufacturing activity expanded fastest in three months in March, services sector expansion hit highest in four months
STOCKS

China’s manufacturing activity expanded fastest in three months in March, services sector expansion hit highest in four months

 

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China’s factory activity expanded at the fastest pace in three months and the services sector's growth hit the highest in four months, indicating a recovery of the manufacturing sector as domestic consumption climbed and global demands firmed. 

The official manufacturing purchasing managers' index (PMI), a survey of sentiment among factory owners in the world’s second-largest economy, rose to a three-month high of 51.9 in March from 50.6 in February, according to data released by the National Bureau of Statistics (NBS). The reading was above the median prediction of 51.2 . . .

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