China’s official factory gauge climbed to the highest in almost five years, the latest evidence of increasing momentum in the world’ s second-largest economy. The manufacturing purchasing managers’ index increased to 51.8 in March, compared with economist estimates that it would be 51.7. The new strength follows a factory rebound since mid-2016, while industrial output and private investment also have picked up. Numbers are higher than 50 indicate improving conditions. (31.03.2017)
Source: Bloomberg
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