(Yicai Global) March 31 -- China's manufacturing purchasing managers' index (PMI) rose to 51.8 in March, 0.2 percentage points than last month, up for second consecutive month.
China's National Bureau of Statistics (NBS) released the data today. A reading above 50 shows expansion. One below signals contraction.
March PMI showed that the manufacturing sector continued to maintain a steady trend, said NBS official Zhao Qinghe.
China's non-manufacturing business activity index came in at 55.1 percent in March, up by 0.9 percentage points from the month before, rising to an apex for nearly three years, per NBS data.
This indicates further acceleration of the pace of non-manufacturing sector expansion, said Zhao Qinghe.