Chinese manufacturing expanded slightly in March, according to the China Federation of Logistics and Purchasing. The group's purchasing managers index, based on a survey of manufacturers, rose to 52.4 in March, up from February's 49. Numbers above 50 show an expansion in manufacturing.
The manufacturing component of the logistics federation's survey rose to 56.9 in March from February's 51.2, with new domestic orders at 54.6, up from 50.4. Trade shrank further, but its 47.5 reading was better than February's 43.4.
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