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Caixin China General Manufacturing PMI: Manufacturing output continues to expand modestly in March
Chinese manufacturing companies signalled a further improvement in operating conditions in March. Production and new orders continued to expand, albeit at mild rates, while employment moved closer to stabilisation. New export business meanwhile returned to growth, as global economic conditions continued to recover from the coronavirus disease 2019 (COVID-19) outbreak. At the same time, inflationar y pressures intensified, with both input costs and output charges rising at steeper rates. At 50.6 in March, the headline seasonally adjus ted Purchasing Managers’ Index ™ (PMI ™ ) – a composite indicator designed ... (full story)