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China's manufacturing activities expand faster in March

7x24

2019-03-31 10:12

BEIJING, march 31 (Xinhua) -- The purchasing managers' index (PMI) for China's manufacturing sector came in at 50.5 in march, up from 49.2 in February, the National Bureau of Statistics (NBS) said Sunday.

A reading above 50 indicates expansion, while a reading below reflects contraction.

NBS senior statistician Zhao Qinghe attributed the monthly increase in the manufacturing PMI to accelerated production activities and improved domestic demand.

The sub-index for production, a major factor used in calculating PMI, rose to six-month high at 52.7 in march, up 3.2 percentage points from February.

The sub-index for new orders went up 1 percentage point from February to 51.6 in march, the highest in half a year, showing growing momentum in market orders.