China's NBS Manufacturing and Non-Manufacturing PMIs return to expansion in March

China’s Manufacturing Purchasing Managers' Index (PMI) jumped to 50.4 in March, compared to 49 in February, according to the latest data published by the National Bureau of Statistics (NBS) on Tuesday.  

The reading came in much above the market estimates of 50.1 in the reported month. 

The NBS Non-Manufacturing PMI rose to 50.1 in March versus February’s 49.5 figure. The market consensus was for 49.9.

Market reaction

more to come ....