China’s factory activity expands at fastest pace in March, services sector growth hits three-month high
Seeking Alpha News (Mon, 31-Mar 1:16 AM)
China's services activity increased to 50.8 in March 2025, surpassing expectations and marking the highest in three months, while factory activity surged to 50.5 from 50.2 in the previous month, signaling the fastest growth in a year and indicating that Beijing’s stimulus measures are driving recovery.
This marked the second consecutive month of expansion in factory activity and at the fastest pace in a year.
Official figures revealed that China’s composite PMI rose to 51.4 in March 2025, up from 51.1 in February, marking its highest level in three months.
Lastly, the business activity expectations index rose to 57.2%, up 0.6 points, highlighting improving confidence among non-manufacturing enterprises regarding market conditions.
Meanwhile, South Korea, China, and Japan, agreed to collaborate on a free trade pact to boost regional trade as they brace for Trump’s tariff announcement.
The Shanghai Composite fell 0.2% to below 3,345, while the Shenzhen Component dropped 0.9% to 10,510 on Monday, and the offshore yuan strengthened around 7.25 per dollar, as upbeat PMI data boosted market sentiment.
Meanwhile, an upbeat Chinese PMI failed to offer support despite data showing factory activity at a one-year high and service growth at a three-month-high.
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Currency: (CNY:USD)
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