China March Official PMI: Manufacturing 51.9 (expected 51.5) Services 58.2 (exp 54.3)

China PMIs from the National Bureau of Statistics for March 2023.

Manufacturing 51.9

• expected 51.5, prior 52.6

Non-manufacturing 58.2

• expected 54.3, prior 56.3

Composite 57.0

• prior 56.4

Each one is ahead of the consensus expectation, a solid performance rising further into expansion.