Thursday, 28 October, 2021

Global mfg PMI edges up on strong China

BEIJING: The global Purchasing Managers' Index (PMI) for the manufacturing sector inched up in March, lifted by robust manufacturing activities in China and the United States, an official report said.

The reading came in at 51.7 in March, up 0.2 points from February, according to data released by the China Federation of Logistics & Purchasing, reports Xinhua.

Asia's manufacturing PMI reversed a six-month downward trend to stand at 50.5, with the data for China rising 1.3 points to 50.5 in March, mainly due to growing orders and production.

Australia and Africa both saw their manufacturing activity expanding at a slower pace, standing at 51 and 50.7, respectively.