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China manufacturing up slightly in March: Govt

Published on Apr 1, 2014 11:35 AM
 

SHANGHAI (AFP) - China's manufacturing activity improved marginally in March from the previous month, the government said on Tuesday, but analysts said the world's second biggest economy remained weak.

The official purchasing managers index (PMI) was 50.3 in March, the National Bureau of Statistics said in a statement, up from 50.2 in February, which was an eight-month low.

The index tracks manufacturing activity in China's factories and workshops and is a closely watched indicator of the health of the economy. A reading above 50 indicates growth.

"The PMI index rose slightly in March and ended the trend of falling for three consecutive months.... It still indicates economic growth will stabilise in the future," the statement quoted Zhang Liqun, an economist at the state-backed Development Research Center, as saying.

 
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