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China's manufacturing activity expands unexpectedly

BEIJING - China'smanufacturingactivityreboundedtothehighestlevelsincelastAugustinMarch, thankstothegovernment'scontinuedstructuralreforms, officialdatashowedonFriday.

 

Thepurchasingmanagers' index (PMI) cameinat 50.2 inMarch, upfromFebruary's 49, accordingtotheNationalBureauofStatistics (NBS) andtheChinaFederationofLogisticsandPurchasing.

Areadingabove 50 indicatesexpansion, whileareadingbelow 50 reflectscontraction.

NBSstatisticianZhaoQingheattributedthereboundtothegovernment'spro-growthmeasures, aswellastherisingdemandofmanufacturingimportsandexports.

Thepricereboundofmajorinternationalcommoditiesspurredpurchases. Technologyupgradesalsocontributedtoimprovementofmanufacturingsectors, saidZhao.

Thesub-indexmeasuringproductionstoodat 52.3, up 2.1 pointsfromamonthearlier, withthatforneworderssettlingat 51.4, up 2.8 points.

Thesub-indexforimportscameinat 50.1, up 4.3 pointsfromFebruary, thehighestreadingsinceDecember, 2013.

Relatedreading

China'smanufacturing, serviceactivitiesbothcontract, byXinhua

China'smanufacturingactivitycontractedforaseventhstraightmonthinFebruary, inasignofpersistenteconomicweakness, officialdatashowedonTuesday.

Thepurchasingmanagers' index (PMI) cameinat 49, downfromJanuary's 49.4, accordingtotheNationalBureauofStatistics (NBS) andtheChinaFederationofLogisticsandPurchasing.

Areadingabove 50 indicatesexpansion, whileareadingbelow 50 reflectscontraction.

TheindexfelltoitslowestlevelsinceAugust 2012, asChinaisseekingneweconomicgrowthenginesamidacampaigntocutindustrialovercapacity.

NBSstatisticianZhaoQingheattributedtheretreattoslowingfactoryactivityduringtheChineseNewYearholidaysinearlyFebruary, aswellasthetrimmingofindustrialcapacity.

Inbreakdown, thesub-indexmeasuringproductionstoodat 50.2, down 1.2 pointsfromamonthearlier, andthatforneworderssettledat 48.6, down 0.9 points.

TheCaixinGeneralChinaManufacturingPurchasingManagers' Index (PMI), anotherindicatorofmanufacturingactivity , fellto 48 inFebruaryfrom 48.4 inJanuary.

Thereading, whichwasalsoreleasedTuesday, wasthelowestinfivemonths, accordingtotheprivatesurveyconductedbyfinancialinformationserviceproviderMarkitandsponsoredbyCaixinMediaCoLtd.

China'sservicesectoractivityalsocontinuedtoslipinFebruary, officialdatashowed.

Thepurchasingmanagers' index (PMI) forthenon-manufacturingsectorcameinat 52.7 inFebruary, downfrom 53.5 inJanuary, accordingtoareportreleasedjointlybytheNationalBureauofStatisticsandtheChinaFederationofLogisticsandPurchasing.

Chinadaily.com.cn

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