Chinese Economy Makes Surprise Rebound in March

[52051]

China’s official Purchasing Managers’ Index, published by the National Bureau of Statistics, showed a figure of 52.3 for March, a measure where 50 is neutral and a smaller number indicates contraction. After growth in January, the index plunged to 29.6 in February, as services ranging from transport to retail were halted by government and provincial measures taken to limit the spread of the disease.

The manufacturing sector PMI for March showed a figure of 52 for March, compared with 39.7 in February. That is a higher and faster rebound than had been anticipated by many analysts. A Reuters poll of forecasters came up with a consensus estimate of 45, indicating that they anticipated further contraction.

https://www.yahoo.com/entertainment/chinese-economy-makes-surprise-rebound-040756420.html

 

[patero]

Yeah right.

 

[the_messenger]

The big contrast between forecasters to the real numbers -especially western forecasters- means that China still has a large part of their economy undocumented...