{"id":70436,"date":"2015-04-01T02:15:45","date_gmt":"2015-04-01T06:15:45","guid":{"rendered":"http:\/\/countingpips.com\/?p=70436"},"modified":"2015-04-01T08:01:19","modified_gmt":"2015-04-01T12:01:19","slug":"chinas-manufacturing-pmi-back-in-expansion","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/04\/chinas-manufacturing-pmi-back-in-expansion\/","title":{"rendered":"China\u2019s manufacturing PMI back in expansion"},"content":{"rendered":"
April 1, 2015<\/div>
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Article by ForexTime<\/a><\/p>\n

China\u2019s manufacturing Purchasing Managers\u2019 Index (PMI) rebounded in March, reaching a seven year high after being boosted by stimulus. Most forecasts were for a contraction.<\/p>\n

The official PMI figure came in at 50.1 for the month of March, up from February\u2019s 49.9. A number above 50 indicates expansion, while below 50 signals contraction.<\/p>\n

Thus the data show that factories in the world\u2019s second-largest economy are being bolstered by the Chinese government\u2019s stimulus efforts.<\/p>\n

Chinese Premier Li Keqiang last month said policy makers will step in if growth slows too sharply, while central bank Governor Zhou Xiaochuan flagged room to act. Wednesday\u2019s reading suggests China\u2019s factories, marred by deflation and overcapacity, may be picking up after two interest-rate cuts in the last six months and strengthening in U.S. demand.<\/p>\n

\u201cIt seems China\u2019s pro-growth measures have achieved some results on the ground,\u201d Zhou Hao, an economist at Australia & New Zealand Banking Group Ltd., said from Shanghai. \u201cHowever, the downward pressure on China\u2019s economy remains, requiring authorities to take additional measures to help growth.\u201d<\/p>

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The final PMI from HSBC Holdings Plc and Markit Economics for March was 49.6, up from the flash reading of 49.2.
\nThe official PMI beat economists\u2019 forecasts for a reading of 49.7. The non-manufacturing PMI slipped to 53.7 in March, from 53.9 a month earlier.<\/p>\n

The yuan strengthened after the PMI data and the Australian dollar also gained since China is a major trading partner for Australia.<\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n

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Article by ForexTime China\u2019s manufacturing Purchasing Managers\u2019 Index (PMI) rebounded in March, reaching a seven year high after being boosted by stimulus. Most forecasts were for a contraction. The official PMI figure came in at 50.1 for the month of March, up from February\u2019s 49.9. A number above 50 indicates expansion, while below 50 signals […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-70436","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=70436"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70436\/revisions"}],"predecessor-version":[{"id":70455,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70436\/revisions\/70455"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=70436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=70436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=70436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}