Chinese industry is back on tracks


Business in China’s industry grew again in March after shrinking in February. The Chinese National Statistical Office reported this.

The purchasing managers’ index for the Chinese industry was 50.5. That indicator indicates a growth above 50. In February the purchasing managers’ index was 49.2. Economists had generally expected a slightly less severe contraction before March than a month earlier. They assumed a position of 49.6.

In the services sector, growth was faster than the month before. Moreover, the position of 54.8 was more than the 54.4 that was widely expected. The compiled index was 54.0 for March.

By: Peretz M.

Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.

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