Abstract : The global manufacturing sector expanded at a faster pace last month, according to an index published by the China Federation of Logistics and Purchasing (CFLP).
BEIJING, April 11 (Xinhua) — The global manufacturing sector expanded at a faster pace last month, according to an index published by the China Federation of Logistics and Purchasing (CFLP).
The global manufacturing purchasing managers’ index (PMI) stood at 57.8 in March, up by 2.2 percentage points from the previous month, according to the CFLP.
The reading, which marks the second monthly increase, remains in the expansion zone for the ninth consecutive month and indicates further economic recovery worldwide, it said in a statement.
The CFLP warned that despite the rebound, a resurgence of COVID-19 cases and global inflation worries can still bring uncertainties to the world’s economy.
China’s manufacturing PMI came in at 51.9 in March, edging up from 50.6 a month ago, official data showed. Enditem
About Xinhua Silk Road
Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).
Source: Global manufacturing activity further expands in March: index