China's Caixin Manufacturing PMI rises to 51.1 in March vs. 51.0 expected

China's Caixin Manufacturing Purchasing Managers' Index (PMI) increased to 51.1 in March, as against the expansion of 50.9 in February, according to the latest data released on Tuesday.

The reading beat the market forecast of 51.0 in the reported month.

On Sunday, China’s National Bureau of Statistics (NBS) released the country’s official Manufacturing Purchasing Managers' Index (PMI), which jumped to 50.8 in March, compared with the 49.1 contraction reported in February and above the estimates of a 49.9 figure. The Non-Manufacturing PMI rose to 53.3 in the same period vs. February’s 51.4.

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