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China manufacturing sector surveys diverge as activity of state firms picks up

Official PMI posts its first increase since Nov while Caixin PMI expands at its weakest pace in 4 months

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Workers arranging steel rims for export at a wheel factory in Lianyungang, Jiangsu province, China. The official PMI came in last month at 51.5, up from 50.3 in February with manufacturers boosting output.

Beijing

CHINA'S two sets of manufacturing surveys diverged in March as state firms stepped up production after anti-pollution measures were lifted, while smaller private firms suffered from soft overseas demand.

The official Purchasing Managers' Index (PMI) beat expectations...

sentifi.com

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