China's CLSA purchasing managers index fell to 44.8 in March, which was below 50 for the eighth consecutive month. CLSA Asia-PacificMarkets released data on Wednesday that China's Purchasing Managers' Index (PMI) fell in March and fell below 50 for the eighth consecutive month, suggesting China's massive The economic stimulus plan failed to help the manufacturing industry out of the woods in the near future.
According to Reuters, China’s CLSA in March was 44.8, down from 45.1 in February, but higher than the 42.2 in January this year. A index above 50 indicates that the manufacturing sector is expanding, while below 50 indicates a contraction in manufacturing. Among the 11 sub-indices in March, the four sub-indices, such as new orders, declined from the previous month, and the other seven sub-indices, such as the output index, increased from last month. Among them, the input price index fell faster, from 43.7 in the previous month to 36.2, which reflected the fact that the price of raw materials generally declined. The increased competition also led Chinese manufacturers to actively lower the ex-factory price of the products, resulting in the March ex-factory price index. In February, 45.6 fell to 41.3. China CLSA's Purchasing Managers Index has been below 50 since August last year and hit a record low of 40.9 in November last year.
According to Reuters, China’s CLSA in March was 44.8, down from 45.1 in February, but higher than the 42.2 in January this year. A index above 50 indicates that the manufacturing sector is expanding, while below 50 indicates a contraction in manufacturing. Among the 11 sub-indices in March, the four sub-indices, such as new orders, declined from the previous month, and the other seven sub-indices, such as the output index, increased from last month. Among them, the input price index fell faster, from 43.7 in the previous month to 36.2, which reflected the fact that the price of raw materials generally declined. The increased competition also led Chinese manufacturers to actively lower the ex-factory price of the products, resulting in the March ex-factory price index. In February, 45.6 fell to 41.3. China CLSA's Purchasing Managers Index has been below 50 since August last year and hit a record low of 40.9 in November last year.
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