The latest PMI® survey results showed that China's manufacturing sector continued to expand in March, despite a steep acceleration in input price inflation and longer lead times. Output, new orders and employment all rose further in March, accompanied by higher purchasing activity and rising backlogs of work. There was a jump in inflationary pressures, however, as both input and output prices increased at the sharpest rates since March 2022. Suppliers' delivery times lengthened the most in over three years. The headline seasonally adjusted Purchasing Managers’ Index™ (PMI) – a composite indicator designed to provide ... (full story)