Shares of Chinese companies and metal commodities experienced a notable rally on Monday, buoyed by a significant uptick in the country’s manufacturing activity in March.
The Caixin China General Manufacturing PMI climbed to 51.1 in March, marking its fastest growth rate since February 2023 and surpassing market expectations, which were pegged at 51.
Chinese Manufacturing Activity Hits 13-Month High: Key Highlights
The Chinese Manufacturing activity has recorded its fifth straight month of expansion, the fastest in 13 months. The influx of new orders, including those for exports, saw a quicker pace of growth due to improvement in both domestic and international market conditions. Notably, the acceleration in new export orders is the most rapid observed in just over a year.
In terms of inflation, the Chinese manufacturing sector witnessed a drop in input prices for the first time since July—albeit marginally—owing to decreased costs for …
Full story available on Benzinga.com
Shares of Chinese companies and metal commodities experienced a notable rally on Monday, buoyed by a significant uptick in the country’s manufacturing activity in March.
The Caixin China General Manufacturing PMI climbed to 51.1 in March, marking its fastest growth rate since February 2023 and surpassing market expectations, which were pegged at 51.
Chinese Manufacturing Activity Hits 13-Month High: Key Highlights
The Chinese Manufacturing activity has recorded its fifth straight month of expansion, the fastest in 13 months. The influx of new orders, including those for exports, saw a quicker pace of growth due to improvement in both domestic and international market conditions. Notably, the acceleration in new export orders is the most rapid observed in just over a year.
In terms of inflation, the Chinese manufacturing sector witnessed a drop in input prices for the first time since July—albeit marginally—owing to decreased costs for …
Full story available on Benzinga.com
Shares of Chinese companies and metal commodities experienced a notable rally on Monday, buoyed by a significant uptick in the country’s manufacturing activity in March.
The Caixin China General Manufacturing PMI climbed to 51.1 in March, marking its fastest growth rate since February 2023 and surpassing market expectations, which were pegged at 51.
Chinese Manufacturing Activity Hits 13-Month High: Key Highlights
The Chinese Manufacturing activity has recorded its fifth straight month of expansion, the fastest in 13 months. The influx of new orders, including those for exports, saw a quicker pace of growth due to improvement in both domestic and international market conditions. Notably, the acceleration in new export orders is the most rapid observed in just over a year.
In terms of inflation, the Chinese manufacturing sector witnessed a drop in input prices for the first time since July—albeit marginally—owing to decreased costs for …Full story available on Benzinga.com Read MoreAsia, BABA, China, Expert Ideas, GDX, Gold, JD, LI, Macro Economic Events, NIO, Sector ETFs, Stories That Matter, Commodities, Global, Econ #s, Top Stories, Economics, Tech, ETFs, GDX, US57060U1007, BABA, JD, LI, NIO, Sector ETFs, Asia, Macro Economic Events, Commodities, Global, Econ #s, Top Stories, Economics, Tech, ETFs, Benzinga Macro Economic Events
