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<Econ>CN Mar Caixin Mfg PMI Hikes to 51.2, Beating Forecast, Marking 4Mths High
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According to Caixin, as the impact of factors such as the Spring Festival effect has largely faded, China's manufacturing sector saw an accelerated expansion in March, recording its best performance in nearly four months. The data showed that the Caixin China Manufacturing Purchasing Managers' Index (PMI) for March reached 51.2, up 0.4 percentage points from February, significantly surpassing market expectations of a decline to 50.6. This marks the highest level since December 2024, indicating that manufacturing production and business activities continue to accelerate their expansion. AAStocks Financial News |
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