Despite coronavirus pandemic, manufacturing in China is showing an upward trend, according to the statistics for March released on Tuesday.
China’s National Bureau of Statistics data suggested that the purchasing managers’ index (PMI) for the country’s manufacturing sector was up to 52 in March from 35.7 in February, country’s official news agency Xinhua reported.
“A reading above 50 indicates expansion, while a reading below reflects contraction,” said the statistical agency about China’s manufacturing sector.
However, the bureau in a separate statement said that profits of the country’s industries have decreased by 38.3% in the first two months of the
Read more: China says manufacturing back on track despite COVID-19