Business Activity Picks up in March, with Caixin Services PMI at 52.2

(Beijing) – Overall business activity gained steam in March on stronger growth of services sector and a rebound in manufacturing output, new data for the Caixin China Composite Purchasing Managers' Index show.

The Caixin China Composite PMI, which covers both the services and manufacturing sectors, was above the neutral 50.0 mark at 51.3, higher than February's 49.4 – the strongest expansion of overall business activity in 11 months.