Chinese numbers hint at turnaround
Chinese manufacturing expanded slightly in March.
The uptick in the purchasing managers’ index follows a painful, months-long decline that wiped out millions of jobs. The state-sanctioned China Federation of Logistics and Purchasing said its purchasing managers’ index, based on a survey of manufacturers, rose to 52.4 in March, up from February’s 49.
Numbers above 50 show an expansion in manufacturing.
Nicholas Sheble writes and edits Government News.