China's PMI Shows Manufacturing Resilience Amid Tariff Headwinds
Source: SeekingAlpha
2025-03-31 23:57:00 ET
Summary
- China's official manufacturing PMI rose to 50.5 in March from 50.2 in February, reaching a 12-month high. The manufacturing PMI has remained in expansion territory for five of the past six months.
- The uptick in March was fairly broad-based, and the key subindices showed some improvement on the month.
- The data doesn’t suggest tariffs have had a significant impact on new orders so far. It could be argued, though, that importers are still front-loading orders out of fear April could bring another round of tariffs.
- Non-manufacturing PMI also saw a respectable uptick in March, rising to 50.8 from 50.2. Business expectations helped keep non-manufacturing PMI in expansion territory.
By Lynn Song
Manufacturing PMI reached 12-month high
China's official manufacturing purchasing managers’ index (PMI) rose to 50.5 in March from 50.2 in February, reaching a 12-month high. The manufacturing PMI has remained in expansion territory for five of the past six months....
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China's PMI Shows Manufacturing Resilience Amid Tariff Headwinds
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