ECONOMICS COMMENTARY
Mar 21, 2013
HSBC Flash China Manufacturing PMI rebounds to signal strengthening upturn
The HSBC Manufacturing PMI rose to 51.7 in March, according to the flash estimate produced by Markit, rebounding from February's four-month low of 50.4. The upturn signalled the strongest pace of expansion for 23 months with the exception of January's two-year high. The above-50 reading means manufacturing conditions having now improved for five successive months following a 12-month period of decline.
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