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Economy

China's manufacturing activity expands in March

1
2017-03-31 10:15Xinhua Editor: Gu Liping ECNS App Download

China's manufacturing sector expanded in March, said the National Bureau of Statistics (NBS), fresh evidence of a stabilizing economy.

The country's manufacturing purchasing managers' index (PMI) came in at 51.8 in March, higher than the 51.6 recorded in February, according to NBS data released Friday.

A reading above 50 indicates expansion, while a reading below reflects contraction.

This also marked the second consecutive month that the expansion rate of the index accelerated.

Major sub-indexes posted upticks, pointing to strengthened momentum of the manufacturing sector, said NBS senior statistician Zhao Qinghe.

The sub-index for production stood at 54.2 in March, higher than 53.7 registered in February.

The sub-index for new orders rose to 53.3 in March from 53 in February.

"High-tech manufacturing continued its rapid expansion, and some traditional manufacturing industries' production and management conditions continue to be on the mend," Zhao said.

The sub-index for high-tech manufacturing industry topped 54.2 in March, well above 51.8 registered for all manufacturing industries.

  

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