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China March factory growth cools to four-month low: Caixin PMI

The Caixin/Markit Manufacturing Purchasing Managers' index (PMI) fell to 51.0 in March from February's 51.6, countering economists' expectations for a slight uptick to 51.7

Reuters  |  Beijing 

China's manufacturing activity expanded at its weakest pace in four months in March as export demand faltered, prompting companies to shed staff more quickly as they looked to cut costs, a private survey showed on Tuesday. The Caixin/Markit Manufacturing Purchasing Managers' index (PMI) fell to 51.0 in March from February's 51.6, countering economists' expectations for a slight uptick to 51.7. While the index remained above the 50-point mark that divides growth from contraction on a monthly basis, it was the weakest reading since November and signalled only a ...

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First Published: Mon, April 02 2018. 10:07 IST
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