China Manufacturing PMI (Caixin/Markit) for March reported over the weekend

This is the private survey, coming in at 51.2 for March

• prior 51.7

In summary:

• growth in production (producers increased output for the ninth successive month) and new orders slowed since February


• new export sales increasing, but at the weakest pace in three months


• Staffing levels continued on a downward trend, though the rate of job shedding held close to February"s marginal pace


• Inventories - falls in both stocks of inputs and finished goods recorded in March


• The March reading remained is amongst the highest seen over the past four years.

Commenting on the China General Manufacturing PMI™ data, Dr. Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group:

• "The Caixin China General Manufacturing PMI came in at 51.2 in March 2017, down 0.5 points from the previous month. The manufacturing industry still grew at a relatively fast rate.


• The output, new orders and employment sub-indices edged down, and stocks of purchases and stocks of finished goods both fell into contractionary territory.


• Manufacturers" willingness to restock seemed to have declined.


• The sub-indices for input prices and output prices remained high, although they have dropped for three consecutive months.


• Overall, the Chinese manufacturing economy continued to improve, but signs of a weakening have started to emerge ahead of the second quarter. Downward pressure may further increase."
  

China Manufacturing PMI (Caixin/Markit) for March reported over the weekend
China Manufacturing PMI (Caixin/Markit) for March reported over the weekend
http://www.forexlive.com/feed/news
$inline_image !!! CLICK HERE TO READ MORE !!! China Manufacturing PMI (Caixin/Markit) for March reported over the weekend Forex Blog | Free Forex Tips | Forex News http://www.forextutor.net/china-manufacturing-pmi-caixinmarkit-for-march-reported-over-the-weekend/