China PMI is Over 50

by Marilou Long on April 1, 2015

in Economic Indicators,Foreign Markets

The China March Purchasing Manager’s Index (PMI) rose out of contraction territory to 50.1. China has been easing lending conditions the past several quarters to counter weaker economic trends. From the linked article: “After a string of disappointing data, the improvement in the official PMI is welcome news and suggests that the recent rate cuts and pick-up in bank lending growth may be helping to support large firms,” Julian Evans-Pritchard, China economist with Capital Economics, wrote in a note. “That said, growth is still likely to have slowed sharply last quarter and we expect more policy support measures, including further rate cuts and required reserve ratio reductions, as the government moves to avoid missing its annual growth target,” he added. China is also planning changes to their banking system in order to better support

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