ating PMI, rose to a six-month high at 52.7 in March, up 3.2 percentage points from February.
The sub-index for new orders went up 1 percentage point from February to 51.6 in March, the highest in half a year, showing growing momentum in market orders.
The PMI for high-tech manufacturing, equipment manufacturing and consumer goods manufacturi
ng stood at 52, 51.2 and 51.4, respectively, all above the general manufacturing PMI, showing rising strength of new sources of growth.
Large companies saw the manufacturing PMI down 0.4 percentage points to 51.1, whereas t
he readings for medium-sized and small companies rose 3 and 4 percentage points, respectively.
China’s non-manufacturing activities pick up in March
The purchasing managers’ index (PMI) for China’s non-manufacturing sector came i
n at 54.8 in March, up from 54.3 in February, the National Bureau of Statistics (NBS) said Sunday.