Official Chinese PMIs for March were released Sunday, data points are here:
Reuters have a summary up of the data if you'd like a bit more:
- Factory activity unexpectedly grew suggesting government stimulus measures may be starting to take hold
- analysts remained cautious, citing seasonal distortions due to the long lunar New Year break in February … said real investment and consumer demand remained soft and pushed up inventories, potentially adding pressure to the sector.
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I reckon the analysts make a good point being wary … but given the added stimulus from China I am not dismissing this improvement outright.
