External broker reports(aggregated public sources), ABN AMRO

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External broker reports(aggregated public sources)

Macroeconomics

<ul><li>China’s March PMIs published over the past few days brought further signs of a bottoming out. Caixin’s manufacturing PMI rose modestly by 0.2 points to 51.1 (February: 50.9/consensus: 51.0), but the the most eye-catching change came from the official manufacturing PMI published by NBS. This index rose by 1.7 point to 50.8 (February: 49.1, consensus: 50.1).</li><li>This was the first reading of this index above the neutral 50 mark separating expansion from contraction since September 2023.</li><li>It also ended the remarkable divergence, in place since late 2023, between the official manufacturing PMI (with a stronger coverage of large, state-owned enterprises) and Caixin’s version (which focuses more on smaller, private, and export-oriented firms). </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

China’s March PMIs published over the past few days brought further signs of a bottoming out. Caixin’s manufacturing PMI rose modestly by 0.2 points to 51.1 (February: 50.9/consensus: 51.0), but the the most eye-catching change came from the official manufacturing PMI published by NBS. This index rose by 1.7 point to 50.8 (February: 49.1, consensus: 50.1).This was the first reading of this index above the neutral 50 mark separating expansion from contraction since September 2023.It also ended the remarkable divergence, in place since late 2023, between the official manufacturing PMI (with a stronger coverage of large, state-owned enterprises) and Caixin’s version (which focuses more on smaller, private, and export-oriented firms). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

중국 - 3월 PMI는 회복 확대를 시사