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31 Mar 2020
Breaking: China PMIs arrive at 52.0 (Reuters poll 45.0) vs 35.7 in February
China march official manufacturing PMI at 52.0 (Reuters poll 45.0) vs 35.7 in February.
CHINA MARCH OFFICIAL SERVICES PMI RISES TO 52.3 VS FEBRUARY 29.6
More to come...
Description
The Manufacturing Purchasing Managers Index (PMI) released by the China Federation of Logistics and Purchasing (CFLP) studies business conditions in the Chinese manufacturing sector. Any reading above 50 signals expansion, while a reading under 50 shows contraction. As the Chinese economy has influence on the global economy, this economic indicator would have an impact on the Forex market.