China PMI comes below expectations

FXstreet.com (Barcelona) - China’s manufacturing PMI rose from 50.1 in February to 50.9 in March, however, the reading was below expectations of 52.00 according to a Reuters poll, and more moderate 51.2 expectations from other industry site. The data, released by the China Federation of Logistics and Purchasing, which issues the data with the National Bureau of Statistics, , indicates that growth momentum of the manufacturing sector in China continues to show only mild progress.