After the Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) survey released on Monday (1 April), it was announced that the sector has risen to 50.8 up from 49.9 the previous month.
The results posted an eight-month high and beat the 49.9 predicted forecast in Reuters poll of economists. The result is similar to China’s official PMI data that was announced on Sunday (31 March), it showed manufacturing activity increasing to 50.5 in March up from 49.2 the previous month in February.
