BEIJING, April 1 (Reuters) – Manufacturing activity in China grew at its fastest pace in 13 months in March, a private survey showed on Monday, while confidence among industry leaders reached an 11-month high , in a context of growth in new domestic and foreign orders.
The manufacturing PMI index calculated by Caixin/S&P Global rose last month to 51.1 from 50.9 in February, beating the consensus which stood at 51.
This is an increase for a fifth consecutive month. The threshold of 50 separates contraction and expansion of activity.
Published after better than expected data on Chinese exports and retail sales, this survey confirms a solid start to the year for the world’s second largest economy. (Reporting Liangping Gao and Ryan Woo; French version Jean Terzian)
©2024 Thomson Reuters, all rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. “Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.