China's manufacturing PMI stands at 52, indicates expansion

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China's manufacturing PMI stands at 52, indicates expansion

Mar 31, 2020 12:36 IST

China on Tuesday said its official manufacturing PMI for March came in at 52. In February, the official manufacturing PMI plunged to a record low of 35.7. PMI readings below 50 signify a contraction, while figures above that level indicate an expansion. China’s manufacturing activity slowed dramatically earlier this year as the government instituted large-scale lockdowns and quarantines to contain the spread of coronavirus.

Global Business