NBS: China Mar manufacturing PMI recovers to 52
Mar 31, 2020 13:35
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China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry rebounded by 16.3 basis points from February to 52 after having in contraction in February, though the national economy is by no means back to the normal level, according to the latest release from China’s National Bureau of Statistics (NBS) on March 31.
China’s PMI in March was a great leap from the record low 35.7 for February, mainly due to the rapid resumption of operations among the industrial enterprises with the COVID-19 under control, and all the crucial sub-indices such as production and new orders recovered obviously, which reflected that “over half