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China’s Factory Activity Accelerates in March on Strong Export Boost


Photo by FMT
Photo by FMT

Summary


  • China’s factory activity accelerated in March, supported by stronger demand and robust export orders, as per the Caixin/S&P Global manufacturing PMI.

  • The PMI increased to 51.2 in March from 50.8 the previous month, signaling growth in the manufacturing sector.

  • A surge in export orders, particularly in anticipation of U.S. tariff hikes, contributed to the increase in manufacturing activity.



China’s manufacturing sector saw its strongest expansion in four months in March, driven by a surge in export orders. The Caixin/S&P Global manufacturing Purchasing Managers’ Index (PMI) rose to 51.2 in March from 50.8 in February, exceeding expectations of 51.1. This marks a return to growth for China’s manufacturing sector, which had been under pressure for several months.

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