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<Econ>CN Mar RatingDog General Mfg PMI Falls to 50.8, Below Forecast
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The RatingDog China General Manufacturing PMI registered 50.8 in March, signaling a fourth consecutive month of expansion, but below the market consensus of 51.8, Yao Yu, Founder at RatingDog, said. On a sub-index basis, the rate of expansion moderated from February's recent peak of 52.1, but overall operating conditions continued to improve steadily. This shows a slowdown in the overall expansion momentum, but performance remained strong, marking the second-highest record in six months. Demand and production maintained growth, with both new orders and output expanding for another month, albeit at slower rates. Employment rose for a third successive month, marking the longest period of job creation since mid-2021. This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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