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China NBS Manufacturing PMI improves to 50.8 in March, Services PMI climbs to 53.0

FXStreet

Updated

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Mitrade

Source: DepositPhotos

China’s official Manufacturing Purchasing Managers' Index (PMI) improved to 50.8 in March from the previous reading of 49.1, the latest data published by the country’s National Bureau of Statistics (NBS) showed on Sunday. Markets expected a 49.9 readout in the reported month.

Meanwhile, the NBS Non-Manufacturing PMI climbed to 53.0 in March versus 51.4 in February.

Market reaction

At the time of writing, the AUD/USD pair is trading around 0.6527, up 0.18% on the day.

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