China factory activity shows minimal growth in March after plunge, still in virus grip [Reuters]
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Source: Reuters
China factory activity shows minimal growth in March after plunge, still in virus grip BEIJING, April 1 (Reuters) - China’s factory activity improved in March after plunging a month earlier, a private survey showed on Wednesday, but the bare minimal growth highlighted the intense pressure facing businesses as the global coronavirus pandemic shuts down many countries. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 50.1 last month, from February’s record low of 40.3, and just a notch above the 50-mark that separates growth from contraction. Analysts had expected it to rise to 45.5. The findings, which focus mostly on small and export-oriented businesses, lagged an official survey released on Tuesday, which showed factory activity expanded at a faster pace on a month-on-month basis. After widespread factory closures and travel restrictions imposed by Beijing to contain the spread of the coronavirus that has killed more than 3,000 in the country, businesses in th
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