China March factory activity seen contracting at slower pace


  • Activity in China’s manufacturing sector likely shrank for an eight straight month in March, but at a slower pace than in February as a reviving property market gave a much-needed boost to sales of steel and other construction materials, economists polled by Reuters said.
  • The official manufacturing Purchasing Managers’ Index (PMI) is expected to rise to 49.3 in March from 49.0 a month earlier, according to a median forecast of 32 economists in a Reuters poll. February’s reading was the weakest since November 2011.
  • Although the forecast rise implies a slower rate of shrinkage, it is still below the 50.0 mark which separates expansion from contraction.
  • China’s factory sector has been in a prolonged slowdown, weighed down by weak global demand for the country’s exports and overcapacity in key sectors such steel and basic materials.

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

Share this Story

About epicsingapore

Leave a Reply

Your email address will not be published. Required fields are marked *


© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.