China's Purchasing Managers' Index for the manufacturing sector dropped to 44.8 in March from 45.1 in February, the CLSA Asia-Pacific reportedly said Wednesday. The index stood below the threshold for the eighth consecutive month.
A reading above 50 indicates an expansion, while a reading below 50 signifies a contraction.
In March, the new orders index decreased, following three consecutive months of increase. At the same time, the manufacturing index showed a rise.
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