China’s manufacturing activity growth in March lowest in almost a year due to soft domestic demand

Summary:
[unable to retrieve full-text content]China’s factory activity in March expanded at the slowest pace in almost a year on softer overall domestic demand, but underlying economic conditions remained positive even as input and output inflationary pressures intensified for manufacturers.The Caixin/Markit manufacturing purchasing managers’ index (PMI) dropped to 50.6 last month – the lowest level since April 2020 – from February’s 50.9, missing analyst expectations for an uptick to 51.3.The 50-mark separates growth from contraction on a…

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