China manufacturing rises for 4th straight month
SHANGHAI—China says its manufacturing gained momentum for a fourth straight month in March, helped by a recovery in the auto, tobacco and electronics sectors.
The state-affiliated China Federation of Logistics and Purchasing said Sunday that its purchasing managers index, or PMI, rose 2.1 points to 53.1 in March, up from February's 51.0 and January's 50.5. A reading above 50 signifies expansion.
The rise in new factory orders suggests a recovery in various sectors, though federation analyst Zhang Liqun said there were still worrying signs of weakness in exports, investment and consumer demand.