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CN Mar Official Non-Mfg PMI Adds to 50.1, Beating Forecast; Composite PMI Rebounds to 50.5
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China's non-manufacturing business activity index for March was 50.1, higher than the market consensus of 49.9, up 0.6 ppts MoM, above the tipping point, indicating an improvement in the non-manufacturing sector's prosperity level, according to data released by the Service Industry Survey Center of the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP). The composite PMI output index was 50.5, up 1 ppt MoM, also above the tipping point, suggesting an overall positive trend in the production and business activities of Chinese enterprises. AASTOCKS Financial News Website: www.aastocks.com |
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