Manufacturing Sector: Percent and Contractionary Readings

manufacturing sector: However, Bank of America Merrill Lynch said, We maintain that the worst in the cycle is behind us and expect continued growth improvement, according to Global Times China. Chinese manufacturing PMI rebounded to expansionary 50.5 percent in March from contractionary readings from December 2018 to February 2019, according to the NBS. China's consumer price index CPI would see year-on-year growth of 2.4 percent in 2019 and could temporally top 3 percent at the end of 2019 due to substantial rise of pork prices, the international investment bank said. Chinese PMI in manufacturing sector declined to 50.1 percent in April from 50.5 percent in the previous month, according to the latest data issued by China's National Bureau of Statistics NBS on Tuesday. The report also noted that inflation will unlikely become an imminent constraint for monetary policy or force the People's Bank of China PBOC the central bank, to tighten. Liu stressed that China has no intent to tighten or relax monetary policy . China maintains a prudent monetary policy and keeps it neither tight nor loose at the current stage, Liu Guoqiang, vice governor of PBOC, said recently. (news.financializer.com). As reported in the news.