China's Manufacturing PMI Hits 13-Month High in March, Exceeding Expectations
Monday, 1 April 2024, 01:50
China's Manufacturing Sector Growth
The Caixin/S&P Global manufacturing PMI rose to 51.1 in March from 50.9 the previous month, above analysts' forecasts of 51.0, marking an expansion for the fifth consecutive month.
Citi last week raised its forecast for China's 2024 growth to 5.0% from 4.6%, citing 'recent positive data and policy delivery'.
Premier Li Qiang announced an ambitious 2024 economic growth target of around 5% at the annual meeting of China's parliament in March.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.