China's Purchasing Managers Index reaches 50.8 in March⁠⁠

China's manufacturing purchasing managers index rises up to 50.8 in March from 49.1 in February. It's the first expansion in six months, according to National Bureau of Statistics. However, some analytics believe the index rose mostly due to the low costs of production while market remained tepid.

PMI is a measure of economic health.

PMI complies info on production levels, new orders. supplier deliveries, inventories, employment levels.

• PMI reading > 50 economic expansion.

• PMI reading=50-economy unchanged.

• PMI reading <50 - economic contraction.