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Latest News

China Manufacturing Gauge Climbs to Highest in Almost Five Years

01 Apr 2017

China’s official factory gauge climbed to the highest in almost five years, the latest evidence of gathering momentum in the world’s second-largest economy.

Key Points

  • The manufacturing purchasing managers index increased to 51.8 in March, compared with economist estimates that it would match the November reading of 51.7
  • The non-manufacturing PMI rose to a two-year high of 55.1 from 54.2 last month
  • Numbers higher than 50 indicate improving conditions 

(Source: Bloomberg)