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2026.03.3101:30:00UTC+00China’s Composite PMI Climbs Back Above 50 in March, Signalling Renewed Expansion

China’s Composite Purchasing Managers’ Index (PMI) returned to expansionary territory in March 2026, rising to 50.5 after registering 49.5 in February 2026.

The move above the 50-point threshold — which separates contraction from expansion — suggests that overall business activity in China improved over the month, after a mild slowdown in February. The composite reading reflects conditions across both manufacturing and services, indicating a broad-based uptick in economic momentum.

The updated data, released on 31 March 2026, will be closely watched by investors and policymakers as a potential sign that domestic demand and business sentiment are stabilising following earlier softness in the first quarter.

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