Economic Watch: China's manufacturing activity expands for three consecutive months
BEIJING,March31(Xinhua)--China"smanufacturingactivitymaintainedexpansionforthreeconsecutivemonthsinMarch,offeringfreshevidenceofthecountry"ssteadyeconomicrecovery.
Thepurchasingmanagers"index(PMI)forChina"smanufacturingsectorcameinat51.9inMarch,downfrom52.6inFebruary,datafromtheNationalBureauofStatisticsshowedFriday.
(資料圖)
Areadingabove50indicatesexpansion,whileareadingbelowreflectscontraction.
ThemanufacturingPMIcontinuedexpansioninMarch,thoughataslowerpaceduetoahighbaselastmonth,suggestingasteadyrecoveryofChina"seconomicgrowth,thebureau"sseniorstatisticianZhaoQinghesaid.
Theproductionindexandnewordersindexesreached54.6and53.6,respectively,wellabovetheboom-and-bustline.
Of21surveyedindustries,13sawstableexpansionmonthonmonth.High-techmanufacturing,equipmentmanufacturing,andconsumergoodssectorsallmaintainedexpansion.
ThePMIsforlarge,medium-sized,andsmallenterprisesstoodat53.6,50.3,and50.4,respectively,allintheexpansionterritory.
Marketconfidencealsoimprovedremarkably.Thebusinessoutlookindexcameinat55.5,withoptimismsharedbyallthesurveyedindustries.
WenTao,ananalystwiththeChinaLogisticsInformationCenter,saidthesub-indexreadingsindicatedthatthemarketdemandgrewatastableandfasterpace,productionactivitiesrecoveredsteadily,andbusinessactivitiesregainedmomentum.
Sincethebeginningoftheyear,theChineseeconomyhasbeenrecoveringatafasterpace,withmajoreconomicindicatorsseeingsteadyexpansion,thankstogovernmentpro-growthmeasuresrangingfromexpandingdomesticdemandtomodernizingtheindustrialsystemandattractingforeigninvestment.
Despitetherecoveryinfactoryactivities,Zhaocautionedthatsomeenterprisesarestillgrapplingwithtightcapitalandhighoperatingcosts,notingthatthefoundationoftheeconomicrecoveryneedstoconsolidate.
Friday"sdataalsoshowedthatChina"snon-manufacturingactivityinMarchsawthefastestexpansionsinceMay2011,withthePMIforthenon-manufacturingsectorreaching58.2.
China"scompositePMIedgedto57inMarchfrom56.4inFebruary,signalingthatoverallproductionbymanufacturingandnon-manufacturingenterprisescontinuedtowarmup.
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