Chinese manufacturing bounces back


Manufacturing activity in China rebounded last month after three consecutive months of slowdowns, according to the latest data.

The purchasing managers index (PMI) rose to 53.4 in March from 52.2 in February, according to China’s National Bureau of Statistics.

A reading above 50 indicates the sector is expanding while a reading below 50 means it is contracting.

The CFLP said its input price sub-index, an indicator of inflation pressures, eased to 68.3 from 70.1 in February.

"Investment growth remained high in the January-February period, while growth in exports and consumption both declined," CFLP analyst Zhang Liqun said in a statement.

The Chinese government has raised interest rates three times since October and hiked bank reserve requirements three times already this year to control soaring prices and rein in inflation.

Consumer inflation remained high at 4.9 per cent in February, above Beijing's 2011 target of four per cent.

Economists expect it to hit five per cent this month, reports the official Shanghai Securities News.

Related news & editorials

  1. 16.03.2018
    by      In
    In the 1960s, as much as a quarter of Australia’s workforce was employed in the manufacturing sector, and the industry fuelled 25% of the nation’s economy, according to the Productivity Commission. Half a century on, the closure of Toyota, Ford and then General Motors in October 2017 seemed to... Read More
  2. 24.01.2018
    by      In
    According to Southern Cross CEO, Mark Ferguson, if Australian industry really wants to get serious about saving energy then it needs to take a close look at ‘two-stage’, air compressor technology. As energy costs continue to outstrip other business input expenses it is critical, more than ever... Read More
  3. Martin Chappell
    by      In
    With Australia’s manufacturing industry strengthening, leaders and heads of IT are weighing up which new technologies they should implement to gain a competitive edge. Martin Chappell from Motorola Solutions explains how a simpler and more focused use of data can be the best approach.
    Australia’s... Read More
  4. Sahara Force India F1
    by      In
    The pace of Formula One (F1) development is rivalled only by the speeds achieved on the racetrack. Each time the Sahara Force India F1 Team brings its car to a circuit, it represents the team’s top engineering; every time the team leaves, the car is just a baseline. Between races it must be... Read More