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China's manufacturing PMI hits 4-month low at 51.0

Published 04/02/2018, 07:06 AM
Updated 04/02/2018, 07:06 AM
© Reuters.  China's manufacturing PMI hits 4-month low at 51.0
  • Caixin China's general manufacturing PMI dipped to four-month low at 51.0 in March, down from 51.6 in February signaling only a marginal improvement in overall operating conditions at the end of the first quarter.
  • Output and new orders grew only modestly, with growth in export orders slumping to a 10-month low even as fears grow of a possible trade war between the United States and China.
  • However, many businesses appear to believe the weakness in orders was one-off as optimism about the one-year outlook picking up to the highest in a year citing greater investment, improved market conditions and new products that will help to boost demand.
  • Source: Investing.com
  • ETFs: MCHI, GXC, CAF
  • Now read: China Macro Risks Weigh On Copper And Bond Yields


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