Hot on the heels of the official numbers, a private PMI survey series also reports that March was a better month for Chinese manufacturers.
The Caixin/Markit manufacturing purchasing managers index came in at 49.7 in March, ahead of the 48.3 economists were expecting. It had been 48 in February.
It was last above 50 – the point which separates expansion from contraction – in February last year.
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