Asia Economic Calendar Update: China PMI Data for April 03, 2024
Tuesday, 2 April 2024, 20:04
China PMI Data Update
Over the weekend, China released its latest PMI figures, with significant improvements across Official Manufacturing PMI and Services PMI. The March 2024 Official Manufacturing PMI stood at 50.8 (expected 50.1), indicating a growth trend.
Caixin Manufacturing PMI
The Caixin Manufacturing PMI for March recorded 51.1 (expected 51.0), surpassing expectations and reflecting optimistic sentiments in the manufacturing sector.
- China's March 2024 manufacturing PMI surged to a 1-year high.
- Today, Services and Composite PMIs from Caixin are anticipated to show further improvement.
This data suggests a positive economic outlook for China, with continuous improvements in key sectors.
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.