Chinese PMI Was 55.1% in March

Manufacturing PMI is a composite index, weighing 5 major diffusion indexes according to internationally-accepted practice. Above 50% of PMI usually reflects the economic expansion generally; while below 50% reflects economic recession. From 11 sub-indexes, compared with the previous month, all the indexes all rose in various degrees, of which production index, new business index, new export order index, outstanding business index, purchase volume index, import index and purchase price index of raw material rose obviously, with growth being more than 4 percentage points.

For the index level, production index, new business index, purchase volume index and purchase price index of raw material are slightly higher, all above 55%, especially the purchase price index of raw material to reach 65.1%.