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China’s factory activity hits 1-year high, adding to signs economic recovery is picking up pace (www.scmp.com)

submitted 1 year ago by Sagittarii@lemm.ee to c/worldnews@lemmy.ml

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Official manufacturing purchasing managers’ index (PMI) rebounds to 50.8 in March, crossing into expansion territory after five months of contraction ⠀

The figure beat the market estimate of 49.9 and returned above the watershed level of 50, which indicates expanding activity, ending five consecutive months of contraction.

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[–] Viking_Hippie@lemmy.world 3 points 1 year ago

WOW! A one-year high?! So historic!