China's CFLP manufacturing gauge suprises with gain into expansion

Investing.com - Investing.com - The March CFLP manufacturing gauge in China rose into expansion territory on Friday, surprising on the upside and setting the stage for a more closely-watched measure.
In China, the semi-official manufacturing PMI for March came in at 50.2, compared to 49.3 seen and a final 49 in February. The non-manufacturing PMI came in at 53.8, compared to 52.7 for the final in February. The February month was said to be impacted by a drop in business during the week-long Chinese New Year holidays.
The Caixin manufacturing PMI for March is due shortly with a level of 48.2 seen and 48.0 for the final in February.
A level below 50 denotes contraction.