China's industrial PMI rose in March above forecasts

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In March, the PMI index in the processing industry of China was at the level of 50.8 points, reported the National Bureau of Statistics of the country. Its value returned to the level above 50 points after the February drop to 49.2 points, the minimum value for 3 years, and exceeded the forecasts of experts who had expected it at the level of 49.6 points. In February, the weakening of activity was due to the celebration of the new year according to the lunar calendar. The indicator characterizing the state of new orders amounted to 50.6 points last month, having risen from 49.6 points. At the same time, the indicator of new export orders showed a decrease to 45.2 points from 46.9 points. The PMI in services and construction in China reached a maximum of 54.8 points in March, up from 54.3 points a month earlier.

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