2024-04-02 02:52:28
After five months of decline, the industrial activity in China in March, according to official data published yesterday.
The Purchasing Management Index (PMI), a key indicator of Industrial productionstood at 50.8 in March, a clear rebound compared to the February 49.1, informed the National Statistics Office.
In this indicator, a value above 50 points an expansion of industrial activity, while below that threshold means that this it contracts economically.
The last time the PMI monthly in China was in positive territory in September. March data exceeds experts’ expectations consulted por Bloomberg, which predicted a modest 50.1.
This rebound is a hopeful sign for Beijing, which is failing to relaunch growth in the world’s second largest economy after the lifting of restrictive anti-covid measures at the end of 2022.
The expected recovery has been hampered by numerous obstacles, such as a crisis in the real estate sector, high youth unemployment or low internal and external demand. China closed 2023 with gross domestic product growth of 5.2%.
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2024-04-02 02:52:28