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China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI) eased in March 2026, pointing to a moderation in the pace of factory activity. The index slipped to 50.8 in March from 52.1 in February, according to data updated on 1 April 2026.
While the PMI remains above the 50-point threshold that separates expansion from contraction, the decline suggests a slowdown in the momentum seen at the start of the year. February’s reading of 52.1 had indicated a relatively robust expansion in manufacturing conditions, but March’s softer figure implies a more cautious operating environment for Chinese manufacturers.
The latest data will be closely watched by investors and analysts assessing the resilience of China’s industrial sector. Any sustained move closer to the 50 mark could raise concerns over the durability of the current manufacturing upswing and its implications for broader economic growth.