Mumbai, April 1 -- China's manufacturing sector continued to expand in March, according to the latest PMI survey, although the pace of growth slowed and cost pressures increased sharply.
The headline Purchasing Managers' Index (PMI) remained above the 50 mark for the fourth straight month at 50.8, indicating ongoing improvement in operating conditions. However, this was down from February's recent high of 52.1, suggesting that growth moderated, even though it remained one of the stronger readings in recent months.
Production, new orders, and employment all increased during March. Higher demand, new customers, business expansion efforts, and competitive pricing supported the rise in new orders, although growth eased from February's peak. E...