China’s Economic Rebound Stutters ...Middle East

OILPRICE - Economy
China’s Economic Rebound Stutters
source : OILPRICE ( Middle East ) () 35
The March reading of China’s purchasing managers’ index fell to a neutral level from a month earlier, suggesting the rebound following the Covid restrictions may not be as smooth and linear as hoped. The Caixin reading of the country’s PMI stood at around 50 last month, down from 51.6 in February. The official PMI reading, released at the end of last week, also marked a decline, from 52.6 in February to 51.9 in March. “In a nutshell, the economy saw a marginal slowdown of recovery in March as the expansion in both manufacturing…

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