ICYMI – China’s March 2024 manufacturing PMI jumped to its highest in a year | Forexlive

Data out over the weekend, ICYMI, showed China’s
manufacturing activity expanded for the first time in six months
in March.

This was the official PMI data for March:

Manufacturing PMI 50.8 in March vs.

49.9 expected and 49.1 in February
Above the 50 level means the sector was in expansion.
in addition to being the first expansion in 6 months it was also the highest PMI reading since March of 2023
new export orders rose into expansion after 11 months
employment fell, at a slower rate

For the non-manufacturing PMI, which includes services
and construction, it rose to 53