China's March manufacturing business sentiment index surpassed the previous month for the first time in four months, and statistics officials said in March that production was declining due to the Chinese New Year's Chinese New Year holidays. The main factors are the increase in a wide range of industries and the continued economic recovery in major countries.
The National Bureau of Statistics of China publishes the Manufacturing PMI = Purchasing Manager Business Confidence Index, which surveys 3,000 manufacturing companies every month.
This month's manufacturing PMI, announced on the 31st, was 51.9, up 1.3 points from last month and improving for the first time in four months.
Statistics officials said that the factors behind the improvement were that production, which had decreased due to the Chinese New Year holidays in February, increased in a wide range of industries this month, and that economic recovery continued in major countries and orders for new exports continued. Has increased.
At the same time, the PMI of the non-manufacturing industry was announced at 56.3, up 4.9 points from last month, and statistical authorities say that the recovery of the service industry is accelerating due to the effect of measures against infection with the new coronavirus.
Until February, China's PMI had declined for the third straight month due to a temporary increase in the number of people infected with the new coronavirus, but this month's results show that business sentiment of Chinese companies has turned to improvement again. Is shown.