Chinas official PMI back in positive territory

Posted by 7Star Friday, April 3, 2009

A measure of activity in Chinas manufacturing sector crossed back into expansionary territory in March for the first time since last September, suggesting a marked improvement in industry as both output and new orders surged. Chinas official purchasing managers index (PMI) for March rose to 52.4 from 49.0 in February, the China Federation of Logistics and Purchasing (CFLP) said on Thursday.

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